It won’t be plain sailing, however. Doing business in the region can be exceedingly difficult. In our assessment of operational risk, which takes into account political, policy and business risks, we rate Indonesia, Vietnam and the Philippines as having a relative risk score of over 50 (on a 100 point scale), with Thailand not far behind. A key problem for foreign firms is the varying welcome they receive across the region: Indonesia recently increased the restrictions on foreign investors in retail and banking, while in Vietnam—despite a generally welcoming government—foreign firms have been the target of violent protests.