ASEANBAC, also known as the ASEAN Business Advisory Council, is a prominent organization that was established following the decision of ASEAN Leaders at the 7th ASEAN Summit and launched in April 2003. The primary goal of ASEANBAC is to provide private sector feedback and guidance to enhance ASEAN's efforts towards economic integration. ASEANBAC offers various products and services to facilitate economic growth and development within the ASEAN region.

They organize and host a wide range of events such as webinars, consultation meetings, and virtual dialogues to foster collaboration and exchange ideas among business leaders and stakeholders. Notable past events include the ASEAN Business and Investment Summit, the ASEAN Business Awards, and the ASEAN Health Summit. In addition, ASEANBAC has established working groups, including the Healthcare Working Group and the Green and Sustainable Economy Working Group, to address crucial issues in these areas and promote sustainable and inclusive economic practices.

Through its initiatives and partnerships, ASEANBAC plays a vital role in supporting the growth of businesses and driving economic integration in the ASEAN region