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Vietnam- first choice of US firms investing in ASEAN

15:00 | 29/08/2016

Vietnam has returned to most favoured nation in ASEAN for US businesses operating in the region, after conceding the title to Indonesia for the past two years, according to the 2017 ASEAN Business Outlook Survey (ABOS).

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Vietnam- first choice of US firms investing in ASEAN.

40% of American firms in ASEAN nominated Vietnam as their preferred location to expand into, compared to 38% who favored Indonesia.

The survey highlighted strong optimism among the heads of American firms in ASEAN about Vietnam with 80% of respondents saying they plan further expansion. 72% of American companies in Vietnam described the situation as improving.

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As well as the Chamber of Commerce and other Amchams in the region, the ASEAN Business Outlook Survey polled the business sentiment of some 500 senior executives representing U.S. firms in all ten ASEAN member countries.

Source: VOV