HSBC Commercial Banking’s Post

More than 9 in 10 businesses in ASEAN are more upbeat about the region’s prospects than they were last year, according to our latest survey of decision makers in the 6 biggest ASEAN economies: Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. Find out more about the opportunities across this exciting region. https://grp.hsbc/6047bPVYT #HSBCASEAN #ASEANInternationalBank #Innovation #Growth #BusinessGrowth

At Maybank’s #InvestASEAN, we discussed why ASEAN remains a safe harbour in uncertain times, with more opportunities for growth and deals. Read what Maybank’s Group President & CEO, Dato’ Khairussaleh Ramli tells the Straits Times Singapore. https://lnkd.in/gnpUVb7P #InvestASEAN2023

There’s been a lot of renewed interest in Vietnam and China+1 of late. Governments, businesses, corporations all want an in. As it stands, there’s billions worth of export trade and foreign direct investment to cash in on. In the latest scuffle for this slice of the ASEAN pie, UOB, who have had roots in Vietnam for 30 years now, share what they think is their unique advantage over other Singaporean banks. But will they be able to actualise their economic dreams in the country, seeing as Vietnam only contributed $17 million to their net operating profit in 2022, as compared to the $4 billion in SG? Read about it in the latest cover story of The Edge Singapore, along with stories by my colleagues Jovi Ho on OCBC, and Goola Warden.

Building Asia with UOB is a collection of inspiring business growth stories that examines how businesses navigate a dynamic market landscape and drive Asia’s position as an economic powerhouse. As we look back on 40 episodes of the series, Frederick Chin, UOB’s Head of Group Wholesale Banking and Markets, outlines our views on ASEAN’s growth and how we have helped clients across multiple industries and markets unlock the opportunities that the region has to offer. Today, ASEAN is the third largest foreign direct investment destination after the US and China, complemented by cost competitiveness and high technology adoption. Find out how UOB connects our clients to cross-border trade with, and within, ASEAN. Learn more: https://go.uob.com/42EZieV #UOBAseanInsights #BuildingAsiaWithUOB #OneBankForAsean