Business

Foreign investors want to expand business in Vietnam

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

According to the2012/2013 ASEAN Business Outlook Survey, conducted by the AmericanChamber of Commerce in Singapore (AmCham Singapore) and the US Chamberof 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 locationsfor Singaporean investors, Vietnam ranks second, after newly emergingMyanmar, which appears on the list for the first time. Indonesiaand Thailand hold third and fourth positions respectively.

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

Its purpose is to understandmembers’ outlook on business growth and perceptions about a series oflocal factors in the ASEAN region.

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