Vietnam to be leading market for American investors: Amcham survey
Vietnam is topping among ASEAN member nations in attracting investment from American firms, according to the 2017 ASEAN Business Outlook Survey recently issued by the US Chamber of Commerce and the American Chamber of Commerce in Singapore (Amcham Singapore).
Under the survey, US companies remain a steady sense of optimism about the growth prospects and commercial opportunities in ASEAN.
More than half of respondents reported that ASEAN markets have become more important for their companies’ worldwide revenue over the past two years, and 78 percent of executives projected profit increases in 2017.
Particularly, US businesses said Vietnam is topping among ASEAN member states in attracting investment from American companies who intend to diversify their investments or businesses over the next two years from China into ASEAN.
According to US firms, Vietnam owns many potentials of low cost labour, and a stable political and legal system, and the country can ensure issues related to personnel security.
Most of all managers reckoned that Vietnam's business climate has been remarkably improved. However, they also noted that Vietnam needs to make greater effort to combat corruption in the time ahead.
About 50 percent of surveyed US enterprises said the formation of the ASEAN Economic Community will bring positive effects for American firms’ investment and business in Vietnam. While more than half of respondents said that the Trans-Pacific Partnership (TPP) will impact on their investment plan in Vietnam and ASEAN in general.
Agreements likes TPP can help lay the foundation for a modern and high-standard free trade area in the Asian-Pacific region, they added.
The 2017 edition marks the fifteenth year of the survey and the fourth year in which that data has been collected from all ten ASEAN member countries.
The US Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. It works closely with 117 American Chambers of Commerce abroad.
More than half of respondents reported that ASEAN markets have become more important for their companies’ worldwide revenue over the past two years, and 78 percent of executives projected profit increases in 2017.
Particularly, US businesses said Vietnam is topping among ASEAN member states in attracting investment from American companies who intend to diversify their investments or businesses over the next two years from China into ASEAN.
Photo for illustration
|
Most of all managers reckoned that Vietnam's business climate has been remarkably improved. However, they also noted that Vietnam needs to make greater effort to combat corruption in the time ahead.
About 50 percent of surveyed US enterprises said the formation of the ASEAN Economic Community will bring positive effects for American firms’ investment and business in Vietnam. While more than half of respondents said that the Trans-Pacific Partnership (TPP) will impact on their investment plan in Vietnam and ASEAN in general.
Agreements likes TPP can help lay the foundation for a modern and high-standard free trade area in the Asian-Pacific region, they added.
The 2017 edition marks the fifteenth year of the survey and the fourth year in which that data has been collected from all ten ASEAN member countries.
The US Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. It works closely with 117 American Chambers of Commerce abroad.
12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.
- Foreign companies confirm investment expansion in Vietnam in 2025
- PM invites Skoda to manufacture electric vehicles in Vietnam
- US Berggruen Holdings to help Vietnam set up investment funds
- Vietnam releases Esports White Book 2022-2023
- Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
- Better links with FDI firms to support Hanoi businesses