Malaysia's Maybank to double assets in Vietnam by 2027

Maybank aims to strengthen its role in foreign direct investment in Vietnam, targeting new mid-tier corporate clients with annual revenues ranging from US$50-100 million. - Reuters

HANOI: Malayan Banking Bhd (Maybank) plans to double its assets in Vietnam to US$2 billion by 2027, becoming the leading foreign bank in terms of syndicated loans to capitalise on a booming economy, according to foreign media.

Maybank Vietnam Country Chief Executive Officer Michael Foong was quoted as saying in an e-mail that Vietnam’s robust economic trajectory and burgeoning financial sector present significant opportunities for growth, Vietnam News Agency (VNA) reported.