BANGKOK — Major Japanese banks are teaming up with Southeast Asian financial institutions to increase their presence in the region.
By partnering with local entities that are well-versed in their nation’s regulations and trade practices, Japanese banks can reduce risk while taking advantage of business opportunities created by the region’s growing economy.
Sales fairs
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MUFG Bank and Security Bank it has a stake in held a sales fair Wednesday in Manila. In cooperation with MUFG Bank’s Thai subsidiary, Bank of Ayudhya, and its Vietnamese partner, Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), more than 200 business discussions were held with 88 companies from four countries.
The growing economies of Southeast Asia offer a huge consumer market of more than 600 million people that is undergoing drastic change.
