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.
HCM City (VNA) – The Standard Chartered Bank hashighlighted bright economic prospects of ASEAN nations whose governments have activelyinvested in infrastructure projects, thus helping spur growth in both short andlong terms.
At a workshop on mergers and acquisitions (M&A) in theAssociation of Southeast Asian Nations (ASEAN) region held in Ho Chi Minh Cityon May 25, a representative of Standard Chartered affirmed the bank’s strongcommitment to supporting its customers to realize their growth targets indomestic and foreign markets.
Nirukt Sapru, CEO Vietnam and ASEAN and South Asia ofStandard Chartered, said the bank has conducted many activities to helpcustomers effectively deal with M&A transactions, capital divestment, andlarge-scale, complex and cross-border investments.
After 150 years of operation in ASEAN, the bank has anin-depth understanding about each market in the region, he said, noting that itis the only international bank that have been present in all ten ASEAN membercountries.
As the world’s sixth largest economic area with a totalpopulation of 650 million, ASEAN has been seen as one of the fastest-growingconsumption markets in the world.
Given the blooming M&A activities in Southeast Asia andAsia, Theng Bee Han, President of the Malaysian Business Chamber in Vietnam,said cooperation with Standard Chartered will facilitate the operation of ASEANenterprises.
ASEAN groups Brunei,Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore,Thailand and Vietnam.-VNA
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At the workshop (Source: VNA) 
