International financial institutions learn about Vietnamese market
A delegation of representatives from 14 international financial institutions led by Maybank Investment Banking Group (MIBG) recently visited Vietnam to learn about the local market, according to the Vietnam Chamber of Commerce and Industry (VCCI).
Maybank is the largest financial and banking group in Malaysia and the fourth largest in ASEAN (Photo: The Sun)
Hanoi (VNA) – A delegation of representatives from 14 internationalfinancial institutions led by Maybank Investment Banking Group (MIBG) recently visited Vietnam to learn about the local market, according to theVietnam Chamber of Commerce and Industry (VCCI).
The two sides discussed investmentpotential of the Vietnamese market, especially the financial and businessenvironment of small- and medium-sized enterprises (SMEs) or startups, whereMaybank and other investment funds have strengths.
The MIBG is the largest financial andbanking group in Malaysia and the fourth largest in ASEAN, with total assets ofmore than 200 billion USD.
Nguyen Manh Dung, head of institutionalequities sales at Maybank, said that in Vietnam, the lender has been providingbanking and securities services since 1996, and has also invested in and becomea strategic shareholder of An Binh Commercial Joint Stock Bank since 2008. Inaddition, the group has been a credit partner of numerous domestic companiesand corporations, typically Vingroup, Hoa Phat or Thaco.
The delegation also includedrepresentatives from other investment funds of Malaysia like LTH and KWAP, Thailand’sSCBAM and Asset Plus, Japan’s Nomura Asset Management, and HaitongInternational of China’s Hong Kong.
VCCI Vice President Nguyen Quang Vinh saidthat many corporations have been interested in and committed to investing in Vietnam which boasts a population of 100 million, an abundant young workforce, a stablesocio-political environment, and important investment attraction policies ofthe State, in such fields as semiconductor, high-techmanufacturing, and clean energy.
In addition, Vietnam also has fundamentalstrengths in infrastructure and human resources, and its Government has issuedstrategies to pursue new fields such as technology, semiconductor, greeneconomy, clean energy and startup investment, he added./.
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Maybank is the largest financial and banking group in Malaysia and the fourth largest in ASEAN (Photo: The Sun) 
