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CICC executive sees strategic opportunities for Chinese clients in Vietnam

Reuters
·1-min read
FILE PHOTO: The company logo of China International Capital Corporation Ltd is seen here

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.

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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:

(Reporting by Yantoultra Ngui and Sameer Manekar in Singapore; Writing by Scott Murdoch; Editing by Christian Schmollinger and Jamie Freed)