HomeNewsApplications for ASEAN Business Awards now open!


Applications for ASEAN Business Awards now open!

   Posted on 28.08.2021 by SEA-VET Admin SEAVET ADMIN, ASEAN Business Advisory Council (ASEAN-BAC), GIZ RECOTVET



The ASEAN Business Awards (ABA) was first launched by the ASEAN Business Advisory Council (ASEAN-BAC) in 2007 to mark ASEAN's 40th anniversary. The ABA has been running for over 10 years, recognising more than 100 outstanding ASEAN businesses that have shown significant progress in establishing and reinforcing their positions in various sectors and contributing to ASEAN’s economic growth and prosperity. In addition, the Awards also bring to the spotlight promising ASEAN small and medium-sized enterprises (SMEs) with the potential to become global economic players.


Since 2019, ASEAN-BAC with support of the German government's Regional Cooperation Programme for Technical and Vocational Education and Training in ASEAN (RECOTVET) have launched the new category called the ASEAN Skills Development Award. The Award highlights the role human resources development plays in the growth of companies and the economy of the region as a whole. The new category recognises outstanding companies that have demonstrated a significant contribution to human resources development, especially in the current context of technological disruption.

The ABA welcomes all eligible companies which are improving the quality of skills of the workforce through skilling, reskilling or upskilling activities to submit an application. Companies who actively cooperate with public training institutes or government authorities, who prepare the workforce for Industry 4.0 or whose activities are easily replicable in other sectors or ASEAN members states are particularly encouraged to apply. Examples of human resources development activities that companies might engage in are: offering guided internships or apprenticeships for students from technical or vocational education and training (TVET) institutions, supporting the development of skill standards or labour-market oriented training curricula, upgrading the skills of teachers, unemployed workers or existing company staff, or providing career orientation for young people.

Winners of the Skills Development Award are expected to be companies that set an inspiring example for other businesses in contributing to the human resources development of ASEAN’s workforce.



Beyond a validation and recognition of your work, joining the ABA offers your company networking opportunities and exposure to the ASEAN business community. The ABA confers respect and enhances the credibility of your company brand among industry peers. Many of the most recognised businesses in ASEAN today are among ABA's past awardees.

The award ceremony, which usually takes place as part of the annual ASEAN Business and Investment Summit (ABIS), also enjoys widespread coverage by international and local media outlets as the ABIS is one of the most anticipated annual events of ASEAN’s business community.


  • Be an ASEAN-incorporated enterprise with at least 40% ASEAN-owned equity;
  • Be in operations for a minimum of 3 (SMEs) to 5 (Large companies) years;
  • Preferably have operational presence in 2 or more ASEAN countries;
  • Preferably have 2 (SMEs) to 3 (Large companies) years of audited financial statements;
  • Previous winners of the award are eligible to apply again after 3 years.


  • Impact on human resources development through improvements of the quality of skills of the workforce
  • Cooperation with governments or training institutions
  • Innovation and replicability in other sectors or ASEAN member states
  • Sustainability financially and institutionally


For more information, please visit ASEAN Business Awards Page on SEA-VET.net

, ASEAN Business Advisory Council (ASEAN-BAC), GIZ RECOTVET

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