The UOB Business Outlook Study 2023 (SME & Large Enterprises) found that 83% of businesses are keen to expand overseas, but face challenges such as finding the right partners, lack of in-house talent and inadequate legal and regulatory compliance and tax support. The Study, which surveyed over 4,000 businesses in Singapore, Indonesia, Malaysia, Thailand, Vietnam, Mainland China and Hong Kong SAR, also uncovered insights on overall business sentiment, the impact of inflation, supply chain management and more. Read on for more #UOBAseanInsights. #OneBankForASEAN
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9moThe study's findings emphasize the importance of fostering an environment that supports businesses in their international expansion efforts. By addressing the identified challenges and leveraging the insights provided, stakeholders can work together to create a conducive ecosystem for businesses to thrive globally.