26/05/2018 07:39 GMT+7 Email Print Like 0

Standard Chartered upbeat about ASEAN’s economic prospects

The Standard Chartered Bank has highlighted bright economic prospects of ASEAN nations whose governments have actively invested in infrastructure projects, thus helping spur growth in both short and long terms.

At a workshop on mergers and acquisitions (M&A) in the Association of Southeast Asian Nations (ASEAN) region held in Ho Chi Minh City on May 25, a representative of Standard Chartered affirmed the bank’s strong commitment to supporting its customers to realize their growth targets in domestic and foreign markets.

Nirukt Sapru, CEO Vietnam and ASEAN and South Asia of Standard Chartered, said the bank has conducted many activities to help customers effectively deal with M&A transactions, capital divestment, and large-scale, complex and cross-border investments.

After 150 years of operation in ASEAN, the bank has an in-depth understanding about each market in the region, he said, noting that it is the only international bank that have been present in all ten ASEAN member countries.

As the world’s sixth largest economic area with a total population of 650 million, ASEAN has been seen as one of the fastest-growing consumption markets in the world.

Given the blooming M&A activities in Southeast Asia and Asia, Theng Bee Han, President of the Malaysian Business Chamber in Vietnam, said cooperation with Standard Chartered will facilitate the operation of ASEAN enterprises.

ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
VNA/VNP