Vietnam among ASEAN's five economic powerhouses: Malaysian expert
Kuala Lumpur, June 1 -- Malaysia, Indonesia, Thailand, the Philippines and Vietnam - collectively referred to as MITPV - are the "Fabulous Five" economies with the potential to shape the macroeconomic and investment trajectory of the Association of Southeast Asian Nations (ASEAN) over the next 10 to 20 years, according to Shan Saeed, chief economist at the Malaysian branch of property technology group IQI Global. Saeed said the MITPV economies are emerging as one of the world's most attractive strategic destinations for global capital targeting emerging markets, with each country contributing distinct competitive advantages. Indonesia offers scale, commodities and abundant natural resources. Malaysia serves as a key pillar in the semicond...
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