RIPAP

ASEAN Regional Investment Promotion Action Plan

What is RIPAP?

The ASEAN Regional Investment Promotion Action Plan (RIPAP) 2025–2030 is the strategic blueprint guiding Invest ASEAN.

It aims to increase foreign direct investment (FDI) in sectors critical to ASEAN’s sustainable development by positioning the region as a unified investment destination.

Aligning the efforts of ASEAN Member States and leveraging their complementary strengths, RIPAP promotes integrated value chains, cross border collaboration and coordinated investment promotion.

[Download RIPAP Document]

Implementation

RIPAP is implemented by ASEAN Member States through their Investment Promotion Agencies (IPAs), under the supervision of the ASEAN Coordinating Committee on Investment (CCI) and, in coordination with relevant national ministries and  agencies.

Implementing IPAs include:

  • Brunei Economic Development Board (BEDB)
  • Council for the Development of Cambodia (CDC) Cambodian Investment Board (CIB)
  • Cambodian Investment Board (CIB)
  • Ministry of Investment and Downstream Industry/Indonesia Investment Coordinating Board (BKPM)
  • Investment Promotion and Management Committee Office (IPO) of Lao PDR
  • Malaysian Investment Development Authority (MIDA)
  • Philippines Board of Investments (BOI) 
  • Thailand Board of Investment (BOI)
  • TradeInvest Timor-Leste 
  • The Foreign Investment Agency (FIA), Ministry of Finance, Vietnam

RIPAP informs the ASEAN CCI work plan for 2025–2030 and guides its progress. It includes key performance indicators related to regional cooperation on investment promotion and attraction efforts, which are reported annually to ASEAN Economic Ministers.

Implementation is supported by ESCAP’s ASEAN Green Investment Catalyst (AGIC) programme, which is  strengthening the institutional capacity of IPAs and enhancing their project offerings at regional and national levels. The programme is funded by the UK Mission to ASEAN through the ASEAN-UK Green Transition Fund.

Oversight

Implementation is jointly guided by:

  • ASEAN Secretariat (Services and Investment Division) – coordination, policy guidance and support
  • United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) – technical expertise, research and capacity building

Together, they support:

  • Sector research
  • Stakeholder engagement
  • Training and knowledge sharing
  • Monitoring and evaluation

Development

With inputs from ASEAN IPAs, RIPAP was developed collaboratively by:

  • ASEAN Secretariat
  • ASEAN CCI
  • ESCAP
  • FDI Center

A regional approach

RIPAP marks a shift from country-level promotion to a regional, value-chain-driven approach, showcasing ASEAN as one market.

Phased implementation

  • Phase I (2025–2027): Focus on four priority sectors, led by sector-specific working groups of IPAs
  • Phase II (2026–2030): Identification, development and execution of action plans for additional sectors

Strategic focus

RIPAP is designed to be:

    • Targeted – prioritizing high-potential sectors with high growth potential, aligned with sustainability goals 
    • Coordinated – promoting ASEAN as an integrated investment destination
    • Proactive – engaging investors through tailored outreach and industry events
    • Adaptive – evolving in response to global trends and regional priorities

From strategy to action

RIPAP translates strategy into concrete actions:

    • Identifying priority sectors with strong FDI potential for every ASEAN Member State through a value chain basedchain-based approach
    • Promoting regional value chains across ASEAN
    • Strengthening IPA capabilities through training and tools
    • Supporting sustainable development and regional integration

Diverse implementation channels

RIPAP is implemented through:

    • Investor outreach – coordinated identification and engagement of strategic investors
    • Industry partnerships – collaboration with global associations and investment networks
    • Marketing and communication – unified messaging via the Invest ASEAN platform
    • Investment-ready projects – showcasing bankable investable opportunities across Member States in  RIPAP sectors
    • Capacity building – training, technical assistance and knowledge sharing led by ESCAP

RIPAP focuses on sectors supporting ASEAN’s green transition and economic recovery:

  • Carbon Capture and Storage (CCS)
  • Biofuels
  • Medical Devices
  • Solar Photovoltaic (PV) Eequipment
  • Smart Grid Development
  • Sustainable Building Materials

These sectors enable multiple countries to participate in different segments of value chains, strengthening ASEAN’s integrated offering.

Additional sectors will be introduced over time.

Key milestones

  • September 2024 – RIPAP adopted in principle by ASEAN Economic Ministers
  • October 2024 – Official launch at the second ASEAN Investment Forum (Vientiane, Lao PDR)
  • October 2025 – Pipeline of investment-ready projects aligned with target sectors presented at the third ASEAN Investment Forum (Kuala Lumpur, Malaysia)

RIPAP in action

Early implementation has focused on capacity building,  and coordination , and investor outreach, including:

    • Training for IPAs in priority sectors
    • Development of baseline sector insights and promotional tools
    • Introduction of KPIs to track progress
    • Establishment of focal points and working groups
    • Joint investor outreach and promotion at key industry events

Implementation is supported through capacity building activities under ESCAP’s ASEAN Green Investment Catalyst (AGIC) programme, which advances investment promotion in green transition sectors.

Future RIPAP activities will focus on:

  • Strengthening partnerships with industry associations
  • Developing integrated marketing strategies 
  • Expanding investor engagement

By 2030, RIPAP aims to deliver:

  • Increased FDI inflows in priority sectors
  • Stronger regional value chains
  • More coordinated and capable IPAs
  • Increased number of cross-border investment projects
  • A stronger global position for ASEAN as a leading investment destination

ASEAN RIPAP document

Implementation activities

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