Fifty-seven percent of foreign investors want to expand their business in Vietnam, making the country the most popular location for expansion among ASEAN member countries.

According to the 2012/2013 ASEAN Business Outlook Survey, conducted by the American Chamber of Commerce in Singapore (AmCham Singapore) and the US Chamber of Commerce in cooperation with other AmChams in the ASEAN region, Thailand is the second most popular location with only 11 percent, followed by Singapore and the Philippines.

Regarding locations for Singaporean investors, Vietnam ranks second, after newly emerging Myanmar, which appears on the list for the first time. Indonesia and Thailand hold third and fourth positions respectively.

The survey, now in its 11th year, was conducted among AmCham members of American businesses in seven Southeast Asian countries, including Cambodia, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

Its purpose is to understand members’ outlook on business growth and perceptions about a series of local factors in the ASEAN region.

The members surveyed were senior executives, working for companies held by and with an American majority interests.-VNA