Hanoi, July 15 -- Saeed grouped Malaysia, Indonesia, Thailand, the Philippines and Viet Nam as the region's "Fabulous Five" (MITPV) economies, saying they are well positioned to shape ASEAN's macroeconomic and investment landscape over the next one to two decades.

He noted that the five economies have become increasingly attractive destinations for global capital, with each offering distinct competitive advantages to international investors.

Among them, Viet Nam is standing out as an export-driven economy and a rapidly expanding manufacturing hub. As global supply chains continue to diversify, the country is strengthening its position as one of the world's leading manufacturing and export centers.

According to Saeed, Viet Nam's competi...