Invest ASEAN: Foreign companies keen on Vietnam

More than 100 foreign financial organisations showed their interest in the Vietnamese market during their working sessions with the country’s businesses on the sidelines of the “Invest ASEAN” conference held in Singapore from April 1-2 by the Maybank Kim Eng Group.
More than 100 foreignfinancial organisations showed their interest in the Vietnamese marketduring their working sessions with the country’s businesses on thesidelines of the “Invest ASEAN” conference held in Singapore from April1-2 by the Maybank Kim Eng Group.

Arepresentative from the Bao Viet Group said that many majorcorporations, including France’s BNP Paribas Management Partners bankand Japan’s Nomura Asset Management and Nikko Asset Management Asia Ltd,worked with the group to learn about it and seek investmentopportunities in Vietnam.

Leaders of Vietnamese businesses all agreed that the conference offered a venue for investors to meet and seek partners.

John Chong, CEO of Maybank Kim Eng Group, said that Invest ASEAN drew70 companies from six ASEAN member countries - Indonesia, Malaysia, thePhilippines, Singapore, Thailand and Vietnam.

It also saw the participation of representatives of corporations from 17countries with a total market capitalisation of 135 billion USD as wellas funds totalling over 14 trillion USD in assets under management.

The event aimed to enhance investors’awareness and understanding of the investment potential in ASEAN as wellas spur investments into the region.

Presidentand CEO of Malaysia’s Maybank Group Datuk Abdul Farid Alias expressedhis optimism at Vietnam’s financial restructuring and state-ownedenterprise equitisation, saying that the group has added 15 million USDto the Maybank Kim Eng Group’s activities in Vietnam.-VNA

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