A US-ASEAN Business Council delegation of executives from leading US financial firms met on Thursday with the ASEAN Finance Ministers in Nha Trang, Vietnam, for strengthened cooperation and discussion on opportunities for US investment in ASEAN's infrastructure.
"Infrastructure needs represent an opportunity for American business and Southeast Asia to work together to find mutually beneficial solutions," said Council President Alexander Feldman.
"The Council takes its corporate citizenship seriously and we are working to partner with the Asean Secretariat and the Ministries of Finance to create a conducive environment that can help channel capital flows toward investment opportunities in the region, including infrastructure projects. Promoting enhanced uniformity and predictability in legal rules around secured lending and cross-border investment can greatly stimulate capital flows and liquidity throughout Southeast Asia."
In addition to meeting with the Asean Finance Ministers, Council delegates including Dave Wolf, president of ACE Life and chairman of the Council's Financial Services Working Group, held bilateral meetings with the finance ministers from Malaysia, Singapore, Thailand, and Vietnam as well as the Chairman of the Asean Capital Markets Forum. In these meetings, Council delegates discussed country-specific issues, as well as regional priorities such as the continuing development of regional equity and bond markets.
