A delegation of 14 financial institutions from six countries, led by the Maybank Investment Banking Group (MIBG), recently visited Vietnam to explore the local market. The delegation was hosted by the Vietnam Chamber of Commerce and Industry (VCCI) and discussed investment potential, particularly in the financial and business environments for small and medium-sized enterprises (SMEs) and startups, areas where Maybank and its partner investment funds excel.
MIBG, with over $200 billion in assets, is Malaysia’s largest financial conglomerate and the fourth-largest in ASEAN. Mr. Nguyen Manh Dung, Vice President and Head of Institutional Sales and Institutional Brokerage at Maybank Investment Bank Vietnam, noted that Maybank has been operating in Vietnam since 1996, providing banking and securities services. Additionally, Maybank has strategically invested in the An Binh Commercial Joint Stock Bank since 2008. MIBG also serves as a credit partner for numerous domestic corporations and groups such as Vingroup, Hoa Phat, and Thaco.
In addition to MIBG, the delegation included representatives from investment funds of the Malaysian Government, such as LTH and KWAP, who are major stakeholders in Gamuda Group, Tan Chong Motor, Public Bank, and Hong Leong Bank. Representatives from SCBAM in Thailand also joined the delegation to explore investment prospects in Vietnam.
Notable partners in the delegation include Asset Plus from Thailand, a fund with assets totaling approximately $1.2 billion and a significant shareholder in many large ASEAN enterprises. Nomura Asset Management from Japan, a leading global fund manager overseeing more than $500 billion in global assets focusing on sustainable, long-term investment strategies. Haitong International from Hong Kong (China), a management company with assets of up to $125 billion and recognized for its strong ESG practices and corporate governance, including an “A” rating from MSCI for ESG initiatives and inclusion in the FTSE4Good Index.
During the reception hosted by VCCI, Vice Chairman Nguyen Quang Vinh expressed gratitude for the keen interest shown by the investment funds in exploring Vietnam’s potential. VCCI, as the national organization representing the business community, entrepreneurs, the workforce, and business associations in Vietnam, pledged to provide investors with market insights and foster effective business ventures in the country.
