Vietnam's leading electric vehicle (EV) maker VinFast has secured a long-term syndicated loan agreement worth IDR1.85 trillion (US$110 million) and an US$80 million accordion facility from two Indonesian banks to finance the construction of its plant in Indonesia.
The gross domestic product (GDP) growth of six ASEAN countries - Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam - will recover to 4.5% and 4.7% in 2024 and 2025, respectively, from 4% in 2023, according to Maybank Research Pte Ltd forecast.
A delegation of representatives from 14 international financial institutions led by Maybank Investment Banking Group (MIBG) recently visited Vietnam to learn about the local market, according to the Vietnam Chamber of Commerce and Industry (VCCI).
The Vietnam International Commercial Joint Stock Bank (VIB) has closed a medium-long-term syndicated loan worth US$280 million.
In the context of the global economic downturn and the lingering impact of challenges on the recovery process, many international organisations continue to highlight Vietnam’s positive economic outlook in 2023 thanks to the government's concerted efforts in boosting socio-economic recovery.
Vietnam’s GDP growth is likely to expand by 5% in the second quarter, and 4% in 2023 before reaching 6% in 2024, Singapore-based Maybank Research Pte Ltd said in a report released on June 27.
The stock market has reportedly shown positive response to recent interest rate cuts.
VOV.VN - The six economies of ASEAN, including Malaysia, Singapore, Thailand, Indonesia, the Philippines, and Vietnam are predicted to grow by 4.2% this year, far exceeding the projected global GDP growth of 2.0%, according to Maybank Group of Malaysia president and chief executive officer (CEO) Datuk Khairussaleh Ramli.
VOV.VN - Vietnam can take advantage of its population structure to promote economic development and attract foreign investment, according to foreign media outlets and experts.
VOV.VN - The nation can be viewed as a rising star in the global supply chain and has the potential to become a new tiger in Asia, according to economist Brian Lee Shun Rong of Maybank, Malaysia's largest financial services group and the leading banking group in Southeast Asia.