Each year AmCham Singapore works together with other AmChams in the region to survey senior members from U.S. companies to gather insights about business conditions and sentiment in Asia Pacific.
The findings of the ASEAN Outlook Survey are presented in intimate discussions with the Singapore government and U.S. government. This is a key pillar of our advocacy work.
The survey, released on August 30, 2012, found that U.S. companies are very optimistic about business prospects in ASEAN.
In a poll of 356 senior executives from U.S. companies across the region, 90% of survey respondents expect their company’s level of trade and investment in the ASEAN region to increase over the next five years, and 27% expect the level to increase significantly.
While U.S. businesses view the business outlook in ASEAN very favorably, the survey found substantial concern regarding corruption, which was the top issue for respondents in all countries except Singapore.
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For the full Regional Highlights, click on the image below.
Highlights from each country
Respondents in Cambodia cite its major strengths as a stable government and political system, as well as positive sentiments towards the U.S., and a high level of personal security. Corruption is a leading issue, on which 81% of respondents expressed concern. Click here for the full report.
Indonesia’s low labor, housing and office lease costs were among the strengths cited. However, there are also major concerns with corruption (cited by 87% of respondents),as well as laws and regulations, local protectionism, and inadequate infrastructure. Click here for the full report.
Respondents generally expressed satisfaction with the business environment. Concerns were cited with laws and regulations, and although it has decreased in the past two years, 48% of respondents still cited corruption as a concern. Click here for the full report.
Availability of low cost labor and trained personnel were both cited as positive factors by more than 70% of respondents; however, corruption and concerns about infrastructure continue to be issues for U.S. businesses in the Philippines, as are laws and regulations. Click here for the full report.
As in previous surveys, Singapore-based respondents are very satisfied with the local factors and government institutions. Respondents cite the stable government and political system (94%) and laws and regulations (86%). 40% of respondents expressed dissatisfaction with labor costs, while office lease and housing costs were cited by 48% and 77% of respondents, respectively. Click here for the full report.
Respondents report a good level of personal security, adequate infrastructure, and reasonable housing and office lease costs. However, political stability and corruption continue to be concerns, as in previous surveys. Click here for the full report.
Vietnam’s major strengths are its stable political environment, high degree of personal security, and a stable government and political system. However, the respondents noted several concerns with Vietnam, including infrastructure, corruption, and laws and regulations. Regionally, Vietnam was the top location for planned investment, with 57% of respondents reporting that their companies plan to expand in Vietnam. Click here for the full report.
About The U.S. Chamber of Commerce
The U.S. Chamber of Commerce is the world’s largest business organization, and represents the interests of more than 3 million businesses of all sizes, sectors, and regions. Chamber members range in size from small enterprises and local chambers to leading industry associations and large corporations.
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