I'd say: You get what you pay for. The difference in quality may not be as high as the difference in price - but this doesn't help if the quality is not sufficient. Especially when traveling the last thing I'd like to care about is the quality of my bike. You can get this 203 under the name "Pico" as well:
Pico 3 speed Folding Bike with Trolley Wheels | Lazada PH
https://www.facebook.com/PicoBikesPh/
And there are a bunch of reviews of this bike that do not sound too convincing to me:
********************?? NEO 203 Stage by.LA Thailand ???. ???? - ThaiMTB.com - **********??
Review จักรยาน Brompton ไทยแลนด์ LA Neo Stage 203 พับแบบบรอมราคาไม่บาน - dvdgameonline.com (since 1998)
https://pantip.com/topic/35163867
https://www.facebook.com/notes/sek-j...7064115700000/
So while on first look it seems to be pretty similar to the Brompton it definitively lacks quality in the detail, from craftsmanship to some components (starting with the brakes - that already on the Brompton are not perfect).
There are other cheap clones around like this one:
https://wholesaler.alibaba.com/produ...535550231.html or (the most famous one) the "Flamingo Best Persuader", a direct derivate of Brompton's former licensing to Neobike at the beginning of the 1990ies:
Products - GRACE GALLANT ENTERPISES CO.,LTD. FOLDINGBIKE-FL-BP01-7
https://handsonbike.blogspot.de/2012...mpton-and.html
https://handsonbike.blogspot.de/p/fl...ondon-s7r.html
In the end these clones all have one single advantage: they are cheaper. If you do not expect much (and are small) those bikes may do the job. As soon as we talk about build quality, reliability, resale value and so on you'll IMHO pretty soon end up happily paying the higher price and getting a Brompton. At least most people.