Final hours! Save up to 50% OFF InvestingProCLAIM SALE

CICC executive sees strategic opportunities for Chinese clients in Vietnam

Published 07/08/2024, 10:08 PM
Updated 07/08/2024, 10:35 PM
© Reuters. FILE PHOTO: The company logo of China International Capital Corporation Ltd (CICC) is displayed at a news conference on the company's annual results in Hong Kong, China March 30, 2016. REUTERS/Bobby Yip/File Photo

SINGAPORE (Reuters) -China International Capital Corp is seeing more strategic opportunities for Chinese corporate clients in Vietnam, the bank's head of Southeast Asia and Singapore CEO Stephen Ng said on Tuesday.

He also said CICC was looking to obtain an investment licence in Indonesia on a panel at the Reuters NEXT forum in Singapore.

The bank plans to expand its presence in Southeast Asia by opening offices in countries including Indonesia and Malaysia, Reuters reported last week.

State-owned CICC opened a representative office in Vietnam in June, extending its presence in Southeast Asia, home to several fast growing economies.

© Reuters. FILE PHOTO: The company logo of China International Capital Corporation Ltd (CICC) is displayed at a news conference on the company's annual results in Hong Kong, China March 30, 2016. REUTERS/Bobby Yip/File Photo

VinaCapital Fund Management deputy managing director Khanh Vu said on the panel that Vietnam was becoming increasingly attractive to overseas investors.

To view the live broadcast of the World Stage go to the Reuters NEXT news page:

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.