Vietnam is now considered the most favourable place to expand business, surpassing Australia’s long-term business partners namely Malaysia and Singapore. (Illustrative image. Source: VNA)

Australian firms in ASEAN consider Vietnam favourable destination

The rise of Vietnam has been highlighted in a recent survey of the Australian Chamber of Commerce (AustCham), as Vietnam is now considered the most favourable place to expand business, surpassing the Philippines and Myanmar in recent years as well as Australia’s long-term business partners namely Malaysia and Singapore.