(VOVworld) – 40% of American firms in ASEAN nominated Vietnam as their preferred location to expand into, compared to 38% who favored Indonesia. According to the 2017 ASEAN Business Outlook Survey (ABOS), Vietnam has returned to most favored nation in ASEAN for American businesses operating in the region, after conceding the title to Indonesia for the past two years.

AEC News

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.

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.