Malaysian businesses seek potential destination
Raymond Sia, General Director/CEO of Hong Leong Bank Vietnam Ltd.
Hong Leong Bank Berhad (HLB) is a well-capitalized Malaysian bank with approximately 300 branches, including a range of sales and business centers, in Malaysia. The HLB Group also has been present in China (via its 20-percent stake in the Bank of Chengdu), Cambodia, Hong Kong, and Singapore. It offers a comprehensive range of alternative and electronic banking channels including Hong Leong Connect, mobile and phone banking, call center services, as well as a wide network of self-service terminals.
In December 2008, HLB became the first Southeast Asian bank to be granted a license to incorporate and operate a 100 percent wholly-owned commercial bank in Vietnam. Hong Leong Bank Vietnam Ltd (HLBVN) currently operates three branches, which are located in Ho Chi Minh City, Hanoi, and Binh Duong, and one transaction office, that is located in Cho Lon, Ho Chi Minh City.
HLBVN views itself as a community bank focusing on both retail and corporate banking, and we continue to lever on our group’s digital capabilities to reach-out and serve the banking needs of communities in which we operate.
We are optimistic of the Vietnamese market which is backed by the country’s strong demographic profile and growing middle income class. The country’s proactive stance in attracting foreign investment and negotiating international trade agreements, such as the Trans-Pacific Partnership, will further strengthen its position as a key investment destination.
HLBVN is equally optimistic of the banking sector, in which it faces healthy competition from a variety of financial services providers. Therefore, to remain relevant and connected to our customers, we continue to invest in our people as well as in technology to help ensure delivery of a top-of-class banking experience. We are blessed to have a talented pool of employees; a large number of whom have been with us since inception.
HLBVN is committed to the Vietnam market and will continue to invest time and resources with a view towards long term business sustainability.
Agnes Chua Bee Leng, Vice General Director, United Sweethearts Garment (Vietnam) Co., Ltd.
Textile and apparel in Vietnam has seen fast and sustainable growth. The momentum is now at the top gear with the conclusion of Trans-Pacific Partnership and EU-Vietnam Free Trade Agreement. Vietnam has remained the leading supplier to most of the key markets such as the US, the EU, Japan and Canada.
We are optimistic about our business with local and central government support, customer choice and preference and our company core value “people are the only appreciating asset”, we focus on leadership engagement and employee empowerment. Since United Sweethearts Garment (Vietnam) Co., Ltd. was established in 2001, we have seen improvement in infrastructure, upstream and downstream supply chain, as well as government administrative policies and procedures.
With Malaysia and Vietnam both part of AEC and TPP, we see changes forthcoming in the sourcing & marketing landscape, changing from CMT (cut, make, trim) to OEM (Original Equipment Manufacturer) and ODM (Original Design manufacturer) with high value items. Easier links to the global supply chain will enhance Vietnam’s competitive edge in the region and help us further explore the global market.
As part of our growth plans to grow in Vietnam and better serve our current and new customers, we are now undergone the constructing of contemporary new factory with four stories of building and expect to complete by December 2016. Investment is at about US$10 million. After expansion, the total employee would increase to 3,500.
Sunny Lai, Marketing Director, Visiber Vietnam Co., Ltd.
Combining beauty with symbolic power, Malaysian firm Visiber makes luxury jewelry based on the Numbers Methodology. The company, founded by Dato’ Patrick Tan and Dato’ David Hew in 2003, has only been in Vietnam for more than a year, but sees the potential to make robust expansion plans.
Our collections are assembled and professionally finished by specialist craftsmen who are masters of their trade. We also undertake in-depth studies of the mystery of symbols to understand their meanings and harness their power for personal and group growth.
As a newcomer, we are still exploring the market. We are bringing our products here because we can see the impressive development that Vietnam has achieved. The market potential is high, because of Vietnam’s youthful population. The people are energetic, dynamic, hard-working, eager to learn, and motivated to change. This is really a huge opportunity for us. We see consumption demand rising along with Vietnamese income. Nowadays, Vietnam has a lot of shopping centers, retail outlets and trade centers carrying local and international brands.
We are aware of the opportunities and challenges here. We have to overcome the language barrier and understand our local customers better. However, we are ready to persuade Vietnamese customers. In the coming years, we want to position Vietnam as our base to expand to Hanoi as well as neighboring markets like Cambodia and Laos. We are hopeful for our bright future in Vietnam.
My Phung
See also

Vietnam, RoK forge major cooperation
06:00 | 29/03/2023 Vietnam and other regions

Vietnam showing better-than-average growth: Indian expert
18:22 | 27/03/2023 Vietnam and other regions

Vietnam amends intellectual property law
06:00 | 24/03/2023 Vietnam and other regions

Vietnam joins ASEAN bazaar in Argentina
10:14 | 20/03/2023 Vietnam and other regions

Understanding UK trade remedies
06:00 | 17/03/2023 Vietnam and other regions

Việt Nam, Indian state seek cooperation opportunities
06:00 | 13/03/2023 Cooperation
See more news

Vietnam slow to exploit Pacific Rim trade opportunities
06:00 | 09/03/2023 Vietnam and other regions

Trade deal with EU a hit so far
06:00 | 07/03/2023 Vietnam and EU

Vietnamese leaders receive Cambodian Deputy PM
09:00 | 05/03/2023 Vietnam and ASEAN

Việt Nam – Norway cooperation in aquaculture very optimistic
18:00 | 02/03/2023 Vietnam and other regions

Vietnam, Laos boost cooperation in energy, mining
15:06 | 27/02/2023 Vietnam and ASEAN

Trade deal with the UK boosts investment
06:00 | 23/02/2023 FDI

Businesses back CPTPP expansion
06:00 | 20/02/2023 Vietnam and other regions

Vietnam sees Russia as prioritised partner: NA official
07:12 | 18/02/2023 Vietnam and other regions

Vietnam, Australia eye comprehensive strategic partnership after 50 years of relations
09:15 | 15/02/2023 Vietnam and other regions

EVFTA ensures fair competition, subsidies
06:00 | 14/02/2023 Vietnam and EU

Aeroderivative gas turbines increasingly popular in Asia-Pacific
16:25 | 29/03/2023 Energy

COP28 President-Designate to speak at Berlin Energy Transition Dialogue Conference
16:21 | 29/03/2023 Environment

Scholarship opportunity at New Zealand Education Fairs 2023
15:42 | 29/03/2023 Society

DKSH and Sanofi mark 10 years of partnership for sustainable growth in Vietnam
15:40 | 29/03/2023 Companies

A321neo: Breakthrough technology saves fuel consumption up to 20%
15:37 | 29/03/2023 Science - Technology
Multimedia

Oscar dream
09:05 | 28/03/2023 Video

Vietnam remains world’s second-largest coffee exporter
08:55 | 28/03/2023 Infographic

Ha Long Bay, Cu Chi Tunnels among ten adventurous tourism places in Southeast Asia
07:00 | 25/03/2023 Infographic

Vietnam-Italy trade partnership
13:00 | 23/03/2023 Infographic

Exploring Việt Nam ’s fourth highest mountain peak, Bạch Mộc Lương Tử
06:00 | 29/03/2023 Tourism

E-visa stay period may be extended to 90 days
18:09 | 27/03/2023 Policy

New legal documents in first half of March 2023
06:00 | 23/03/2023 Policy

Animal feed industry asks for import tax reduction on raw materials
09:55 | 20/03/2023 Policy

Over 250 petitions submitted to authorities on fragility of petroleum regulations
18:07 | 16/03/2023 Policy

HCM City to host international paper, coatings, rubber, and plastic expos
09:29 | 29/03/2023 Industry

Bac Kan produce takes off
10:00 | 26/03/2023 Industry promotion

Bac Giang develops rural industrial exports
07:00 | 25/03/2023 Industry promotion

Ocean dialogue dicusses offshore renewable energy potential
09:53 | 24/03/2023 Energy

Vietnam's retail market proves attractive for foreign investors
09:21 | 29/03/2023 FDI

Asian investors increasingly keen on Vietnam
13:00 | 26/03/2023 FDI

India introduces pharmaceutical industry' opportunities to potential Vietnamese investors
19:54 | 23/03/2023 Vietnam and other regions

Vietnam attracts Czech investors
06:00 | 23/03/2023 FDI

Foreign investors expand consumer finance business in Vietnam
09:08 | 29/03/2023 Finance-Banking

Stock market violations to face stricter sanctions
07:10 | 26/03/2023 Stock Market

Vietnam to develop policies to adapt to global minimum tax
07:05 | 23/03/2023 Finance-Banking

Vietnam seeks response to corporate tax overhaul
06:00 | 20/03/2023 Finance-Banking

COP28 President-Designate to speak at Berlin Energy Transition Dialogue Conference
16:21 | 29/03/2023 Environment

Turning coffee grounds into energy
13:00 | 27/03/2023 Environment

Vietnam saves 298,000 kWh during Earth Hour 2023
10:48 | 27/03/2023 Environment

The value of wood scraps for business
13:00 | 25/03/2023 Environment

A321neo: Breakthrough technology saves fuel consumption up to 20%
15:37 | 29/03/2023 Science - Technology

AI to fuel development of modern agriculture workshop
10:19 | 28/03/2023 Science - Technology

Vietnam, Thailand beef up sci-tech, educational collaboration
06:00 | 25/03/2023 Science - Technology

Science, technology, innovation promoted to support national development
06:00 | 22/03/2023 Science - Technology

Scholarship opportunity at New Zealand Education Fairs 2023
15:42 | 29/03/2023 Society

Coastal communities to fight illegal fishing with own surveillance forces
07:00 | 29/03/2023 Society

Enhancing Hanoi-Singapore business connections
06:00 | 28/03/2023 Metropolis

Strong signals of positive year for industrial real estate market
10:25 | 27/03/2023 Property

Hundreds of high-quality goods honored
06:00 | 27/03/2023 Vietnamese Brands

Vietnam adopts high integration standards
06:00 | 25/03/2023 Companies

Bac Giang promotes consumption of OCOP products associated with tourism
10:02 | 24/03/2023 Vietnamese Brands

Bamboo Airways to launch Viet Nam’s longest domestic air route from April
14:53 | 22/03/2023 Vietnamese Brands

Reel in the flavours of Việt Nam with braised pickled carp
06:00 | 29/03/2023 Lifestyle

Concert dedicated to Trịnh Công Sơn to take place at Hà Nội Opera House
06:00 | 27/03/2023 Lifestyle

Let’s go fly a kite
06:00 | 26/03/2023 Lifestyle

Vietnamese culture and silk are topics of event dedicated to women
06:00 | 25/03/2023 Lifestyle

Exploring Việt Nam ’s fourth highest mountain peak, Bạch Mộc Lương Tử
06:00 | 29/03/2023 Tourism

Ministry proposes extending visa-free stay to 30 days, e-visa to 90 days
06:00 | 27/03/2023 Tourism

Ha Long Bay, Cu Chi Tunnels among ten adventurous tourism places in Southeast Asia
07:00 | 25/03/2023 Infographic

Small stools, big charm balancing Hà Nội's iconic appeal with pedestrian safety
06:00 | 25/03/2023 Tourism