A delegation of 14 financial institutions from 6 countries led by Maybank Investment Group is exploring the Vietnamese market. (Source: The Sun)
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According to the Vietnam Chamber of Commerce and Industry (VCCI), the organization has recently welcomed a delegation of 14 financial institutions from 6 countries led by Maybank Investment Group, including asset managers with hundreds of billions of dollars in assets, to explore the Vietnamese market.
The two parties discussed the investment potential of the Vietnamese market, particularly in the financial and business environment for small and medium enterprises (SMEs) and startups, where Maybank and its investment partners have many strengths.
The Maybank Investment Banking Group (MIBG) is the largest financial conglomerate and the fourth largest bank in ASEAN, with total assets of over $200 billion.
Mr. Nguyen Manh Dung, Head of Corporate Banking at Maybank, said that since 1996, Maybank has been providing banking and securities services in Vietnam, and has also invested and become a strategic shareholder of An Binh Commercial Joint Stock Bank since 2008.
In addition, Maybank Investment Bank Vietnam is also a member of Maybank Investment Banking Group. Maybank Group has also been a credit partner of many domestic companies and corporations.
According to Mr. Dung, besides the Maybank Group, the delegation also includes investment funds from the Malaysian government such as LTH, KWAP (major shareholders of Gamuda Group, Tan Chong Motor, Public Bank, Hongleong Bank…), SCBAM (Thailand) …, who came to explore investment opportunities in Vietnam.
Notable partners include Asset Plus (Thailand), a fund with assets of about $1.2 billion and a major shareholder in many large ASEAN companies; Nomura Asset Management (Japan) – one of the world’s leading fund managers, with over $500 billion in total global assets under management focused on sustainable and long-term investment strategies; and Haitong International (Hong Kong-China), which manages total assets of up to $125 billion and is one of the best-performing companies in terms of ESG and corporate governance, with an “A” rating from MSCI for ESG work and presence in the FTSE4Good index.
Representing VCCI, Mr. Nguyen Quang Vinh expressed his appreciation for the interest of many large investment funds in exploring the potential of the Vietnamese market. As the national organization that aggregates and represents the community of businesses, entrepreneurs, workers, and business associations in Vietnam, VCCI will support investors with market information and promote effective business in Vietnam.
Mr. Vinh said that with a population potential of 100 million people, abundant young labor force, stable socio-political environment, and important investment-attracting policies, in recent years, Vietnam has attracted many leading global corporations’ attention and commitment to invest in various fields such as semiconductors, high-tech manufacturing, and clean energy.
In addition, Vietnam also has strengths in infrastructure, human resources, and the government’s strategy in pursuing new areas such as technology, semiconductors, green economy, clean energy, and startups. These factors continue to be emphasized and ready to meet the requirements of foreign investors in the future by the government and domestic businesses.
This is also an important basis for interested parties to focus on exploring and moving towards long-term cooperation opportunities in the future.
Ngoc Quynh
