the business outlook for the u.s. in asean
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U.S. executives are optimistic about business prospects in Southeast Asia.TRANSCRIPT
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The Association of Southeast Asian Nations (ASEAN) includesBrunei | Cambodia | Indonesia | Laos | Malaysia | Myanmar |
Philippines | Singapore | Thailand | Vietnam
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The Business Outlook for the U.S. in ASEAN?Its Looking Bright.
U.S. executives are optimistic about business prospects in Southeast Asia.
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A poll of 588 executives representing U.S. companies
operating in all ten ASEAN countries are optimistic about business prospects.
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A LOOK AT BRUNEI:
A majority (75%) of respondents report its stable government and political system as major strengths of the country. Yet half of respondents cite the lack of availability of trained personnel as a challenge.
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More than 60% of respondents anticipate a profit increase in 2014 and 88% expect an increase in 2015. However, 79% of respondents cite corruption as a major concern.
A LOOK AT CAMBODIA:
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Over 60% of respondents anticipate a profit increase in 2014 and 86% expect an increase in 2015. Yet almost as many (82%) respondents cite corruption as a major concern.
A LOOK AT INDONESIA:
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Three quarters of respondents report plans to expand in Laos in 2015, and 69% plan to increase their workforce. However, 100% of respondents report corruption and the lack of availability of trained personnel as major concerns.
A LOOK AT LAOS:
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Respondents reported a decrease in satisfaction across 16 business environment factors, often by double digits, for Malaysia from 2009 to 2014. Corruption and personal security were reported as particular challenges.
A LOOK AT MALAYSIA:
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Executives noted significant challenges with housing costs, infrastructure, and availability of trained personnel. Despite these continued challenges, 77% expect to increase their workforce in Myanmar.
A LOOK AT MYANMAR:
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The Philippines has made significant reforms to improve the business environment with noticeable results. Roughly 40% or more of executives reported satisfaction with the governments new business incentives, the movement of goods within the region, and reduction of local protectionism.
A LOOK AT PHILLIPPINES:
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Respondents indicate higher satisfaction across polled business factors for Singapore than any other ASEAN country including stable government, lack of corruption, and infrastructure. Housing costs is the most frequently cited challenge.
A LOOK AT SINGAPORE:
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A majority of respondents (82%) anticipate a profit increase in 2015 and 62% report plans for expansion. However, 80% cite the lack of stable government and political system as major concerns.
A LOOK AT THAILAND:
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Satisfaction with the business climate remains strong in Vietnam and was noted as a particular target for increased investment. Respondents noted, however, continued dissatisfaction with corruption, laws and regulations, and infrastructure.
A LOOK AT VIETNAM:
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Find the complete 2015 ASEAN Business Outlook Survey
results at www.uschamber.com/southeast-asia.
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