马来亚银行全球银行业务集团首席执行官章荣泉表示："中国和越南之间的跨境贸易和投资不断加强。2023年，中国是越南最大的外国直接投资者和贸易伙伴，分别占越南注册投资总额和贸易总额的25%。马来亚银行的战略布局使其能够利用在中国以及所有10个东盟国家的业务和存在，有效地促进这些交易。On September 9, 2024, Beijing / PRNewswire/ -- Malayan Banking Bhd ("Maybank"), a leading bank in the ASEAN region, provided financing to China Power Construction Corporation, Ltd.'s subsidiary, China Water Resources and Hydropower Construction Group Co., Ltd., for the general contracting project (design, procurement, and construction) of the offshore wind power station Jinuo 1 Wind Farm ("Jinuo 1") at the southernmost tip of Vietnam's Kien Giang Province.
Datuk Abdul Farid Bin Alias, Chief Executive Officer of the Global Banking Business Group of Maybank
The total installed capacity of Jinuo 1 is expected to be 350 megawatts. The project is divided into four areas, including 1A, 1B, 1C, and 1D, and upon completion, it will be the largest offshore wind power station in the ASEAN region. During the construction phase of 1A and 1B, Maybank provided $38.2 million in financing through discounting of export letter of credit bills.
Zhang Rongquan, CEO of Maybank's Global Banking Group, said, "Cross-border trade and investment between China and Vietnam are growing stronger. In 2023, China is Vietnam's largest foreign direct investor and trading partner, accounting for 25% of Vietnam's registered investment and trade volume, respectively. Maybank's strategic layout enables it to leverage its presence and business in China and all 10 ASEAN countries to facilitate these transactions effectively."
"We also aim to be at the center of our clients' transformation journey. Maybank has launched the first transformation finance framework in ASEAN, aimed at assisting transformation customers in the brown industry to achieve green transformation. Our regional leadership in sustainability aligns with our mission to provide human-centric financial services."
Felino James Marcelo, CEO and Head of Greater China at Maybank, said, "With the continuous growth of trade and investment in the Asian region, China's state-owned and private enterprises are actively expanding into the ASEAN region to capture new growth opportunities. In these opportunities, we see a growing demand for green and renewable energy projects, and investors are committed to building sustainable infrastructure assets in ASEAN countries."
From 2021 to the end of June 2024, Maybank Group has raised a cumulative total of 83.2 billion ringgit (approximately 19.2 billion US dollars), surpassing its original target of sustainable financing of 80 billion ringgit (approximately 18.4 billion US dollars) by 2025.
