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25
May 2015
Maybank Upbeat On Vietnam As Next '"Global Factory"
Ho Chi Minh City, 25 May 2015 - Maybank, ASEAN’s fourth largest bank by assets, said at its inaugural Invest ASEAN Vietnam conference today, that Vietnam has great potential to be the next “Global Factory”.
John Chong, CEO of the Maybank Kim Eng Group said in his opening speech that Vietnam presents immense opportunities given economic stability and structural reforms initiated by the Government. “We are very positive on the Vietnamese economy which we are expecting to grow at over 6% this year. And we think the development of the ASEAN Economic Community (AEC) as a single marketplace will further solidify Vietnam’s position as the region’s manufacturing hub.” The country is competitive, connected to the global supply chain and has a growing, young educated workforce.