In recent years，Southeast Asia has successfully safeguarded overall political stability. In 2018，general elections were held in Malaysia and Cambodia. In 2019，the general elections were held in Indonesia and Thailand，the mid-term election was held in Philippine attracted southeast Asia politics’ attention. Meanwhile，Heng Swee Keat may lead Singapore’s fourth-generation leadership after the cabinet reshuffle in 2019. In the context of the profound adjustment and weakness of the global economy，economic growth in Southeast Asia slows down but their economies have remained resilient，with most countries experiencing moderate economic growth，and their status in the world economy has been rapidly enhanced. Under the impact of the fourth industrial revolution，various policies and strategies of industrial 4.0 and economic transformation plans have been launched by Southeast Asian countries successively，all of which aim to deal with the reconstruction of the global value chain，promote economic transformation，avoid falling into the middle-income trap，reverse or delay the process of “deindustrialization” and reshape their international competitiveness. In 2019，the fourth year of the establishment of ASEAN Community，ASEAN have implemented the blueprints of the three pillars of ASEAN community by promoting the building of political-security alliance，the free flow of the production factors and the integration of social and cultural resources，worked on setting up a truly rules-based，people-oriented community，and made a great progress.