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ASEAN is vital to American firms
Source: Agencies |
September 6, 2011, Tuesday
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Print Edition
Print Edition
EIGHTY-FIVE percent of United States companies in Southeast Asia plan to expand their business as the region will become more important in the next two years, the American Chamber of Commerce (AmCham) in Singapore said yesterday.
"ASEAN continues to grow in importance for businesses in the region," AmCham Singapore said in a statement, citing a poll of 327 senior executives from US companies in Cambodia, Indonesia, Malaysia, Singapore, the Philippines, Thailand and Vietnam between May 18 and June 8.
ASEAN refers to the Association of Southeast Asian Nations and also includes Brunei, Myanmar and Laos.
Seventy-three percent of respondents said ASEAN's importance to their companies will increase over the next two years, up from 70 percent in a survey last year, while not a single company said it intended to shrink its regional operations.
Indonesia was the most popular site for US firms, with 72 percent planning an expansion there.
"ASEAN continues to grow in importance for businesses in the region," AmCham Singapore said in a statement, citing a poll of 327 senior executives from US companies in Cambodia, Indonesia, Malaysia, Singapore, the Philippines, Thailand and Vietnam between May 18 and June 8.
ASEAN refers to the Association of Southeast Asian Nations and also includes Brunei, Myanmar and Laos.
Seventy-three percent of respondents said ASEAN's importance to their companies will increase over the next two years, up from 70 percent in a survey last year, while not a single company said it intended to shrink its regional operations.
Indonesia was the most popular site for US firms, with 72 percent planning an expansion there.
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