Southeast Asia remains the top choice for future expansion, according to the Singapore Business Federation’s (SBF) annual National Business Survey 20/21 released on Tuesday, with 76 per cent of 436 businesses keen to expand within Asean.
That being said, only 27 per cent of the respondents said they see themselves expanding overseas in the next six to 12 months.
Vietnam, Indonesia and China topped the list, with more than 30 per cent of the businesses polled interested to venture into these countries.
The results are largely similar to that of 2019, when Vietnam, China, Malaysia and Indonesia topped the list that year.
27 January 2021