Inside ASEAN: Vietnam
Enduring Strengths and Emerging Risks as the Region Reopens
IN-PERSON EVENT
JW Marriott Hotel, Hanoi
*Simultaneous translations will be available for the live event only
-
08:30
Registration & Coffee
-
09:00
-
09:05
-
09:20
The Vietnamese Sovereign: Resilience amid Adversity
Despite Vietnam’s stringent coronavirus restrictions, its macroeconomic stability has endured, driven by the country’s competitive manufacturing exports sector.
Discussion Topics:
- How resilient is Vietnam against supply chain shifts and disruptions?
- What is the impact of the Russia-Ukraine military conflict on growth and inflation?
- What is the impact of environmental risks on the government’s credit profile?
-
09:40
Banks: Will a Rising Tide Lift All Boats?
Vietnam will likely see a swift rebound in economic growth, which will support banks' asset quality. Profitability will improve as loan-loss provisions decline, while capital ratios will hold steady as internal capital generation, along with improved profitability, will be able to cover asset growth.
Discussion Topics:
- Will an economic rebound help mitigate banks’ asset risks?
- Are banks prepared for prolonged high inflation?
- How will new tech, cyber and ESG risks shape banks’ credit profiles?
-
10:20
Coffee Break & Networking
-
10:40
Real Estate: Striking a Difficult Balance
Vietnam is seeing increased growth in residential demand as its economy recovers and it remains an attractive foreign investment destination. Nonetheless industry headwinds are building, and we explore how real estate companies navigate these risks.
Discussion Topics:
- What is Moody’s outlook for the residential and hospitality sector?
- How will tightened credit conditions impact companies?
- How will they balance demand and profitability as operating costs increase?
-
11:15
Sustainable Infrastructure: Generating Green Energy
Renewable capacity growth in Vietnam has become increasingly important, but there remain key credit challenges for these projects.
Discussion Topics:
- Why is renewable capacity growth and energy transitions in Vietnam increasingly important?
- Why are funding diversity and green finance necessary for Vietnam’s sustainable infrastructure growth?
- How will green finance support Vietnam’s sustainable infrastructure growth?
-
12:15
Confirm cancellation
An error occurred trying to play the stream. Please reload the page and try again.
ClosePlease sign in to your account:
Alka Anbarasu is an Associate Managing Director in the Financial Institutions Group in Asia. Based in Singapore, she oversees the ratings team that is responsible for the credit ratings of banks and non-bank financial institutions in Japan, South and South East Asia. She is closely involved in the integration of Environmental, Social and Governance (ESG) factors into bank ratings as well as research and outreach on ESG.
Alka is a regular speaker at Moody’s market briefings, external conferences, podcasts and media engagements. She is very active in promoting Diversity, Equity and Inclusion (DE&I) initiatives via her role as the co-chair of the APAC Women’s Business Resource Group. She is also a passionate impact leader for Moody’s CSR initiatives in Asia.
Alka joined Moody’s in 2013 after several years in the investment banking division of J.P. Morgan in London and Mumbai and ING Vysya Bank in India. She has close to 20 years of experience in the financial industry. Alka completed her undergraduate degree from University of Mumbai and holds an MBA from the Xavier Institute of Management in India.
Mr. Francois Painchaud, International Monetary Fund Resident Representative for Lao PDR and Vietnam since June 2019.
Mr. Painchaud was previously the IMF Resident Representative for Georgia and joined the IMF in 2009. He worked on a range of advanced, emerging market, and low-income countries, including Russia, Luxembourg, Cyprus, Pakistan, Senegal, and Myanmar. Mr. Painchaud has worked on debt sustainability, labor markets, fiscal frameworks and monetary policy in emerging markets.
Mr. Painchaud holds undergraduate and graduate degrees in economics from the Université Laval in Quebec City.
Nishad Majmudar is an Assistant Vice President and Analyst within Moody’s Sovereign Risk Group. Based in Singapore, Nishad covers a portfolio of sovereign credits across Asia-Pacific and writes thematic research on environmental, social and governance (ESG) issues in the region.
Before joining Moody’s in 2020, Nishad was a risk officer in Wells Fargo Bank in Singapore, responsible for setting internal credit ratings for countries in APAC. Prior to that, Nishad was an economist for the U.S. Department of the Treasury, where he specialized in South Asian economies.
Nishad graduated from Syracuse University with degrees in journalism and economics, and holds a Master’s in International Affairs from Columbia University and a Master’s in International Political Economy from the London School of Economics.
Le Thu Thuy was Chief Executive Officer of Southeast Asia Commercial Joint Stock Bank (SeABank, stock code: SSB) for the last 5 years, who has driven the Bank towards the retail banking model, focusing on digitalization and customer-centric strategies. From July 2022, Ms. Thuy plays the role of Vice Chairwoman of the Board of Directors, taking responsibility of the overall development strategies of the Bank.
Highlighted Awards
- Led SeABank towards the modern retail banking model.
- Focused on digitalization, improvement of customer experience and human resource development.
- Enhanced the core values with great emphasis on customer-centric and community orientation.
- Developed strategic cooperation with leading domestic enterprises and international financial institutions.
- Some highlighted achievements under her leadership: Moody’s long-term credit rating of B1 for 4 consecutive years (2019-2022) with Positive outlook; Completing Basel II before deadline; Establishing exclusive life bancassurance partnership with Prudential; One of the leading banks to implement and apply Basel III; Building relationship and obtaining funding packages and investments from world-class financial organizations like IFC and DFC, etc.
- Remarkable growth of SeABank under the leadership of Ms. Thuy (2018-2022): Total assets increased from VND 141 trillion to VND 230 trillion; charter capital increased from VND 7,688 billion to VND 19,809 billion; profit before tax increased from VND 622 billion to VND 4,866 billion; network expanded to nearly 180 branches and transaction points across 29 regions, etc.
Ms. Thuy was awarded with two bachelor’s degrees from the US. Prior to joining SeABank, she had worked with several international financial institutions in the United States.
Ms. Thuy was honored to receive the Certificate of Merit of Emulation Fighter 2021 (State Bank of Vietnam), the Certificate of Merit of Good achievements in prevention and control of Covid-19 in 2020 (Vietnam General Confederation of Labor), Certificate of Merit by Viet Nam’s Prime Minister for her great contribution to national construction progress in 2013 and be recognized as Excellent Banker by the State Bank of Viet Nam for her outstanding contribution to the banking industry from 2009 to 2011.
She was also named as one of the ASEAN Women Entrepreneurs 2020 by ASEAN BAC, the Best Banking CEO Vietnam 2019 by Finance Derivative, the Successful Leader who works in an innovative, knowledgeable and systematic manner by The World Confederation of Business 2019, the Best Emerging CEO Bank Viet Nam 2018 by International Finance Magazine, the Legacy Award 2017 by ASEAN BAC, Top 10 Outstanding Young Female Entrepreneurs of the Next Generation 2015 by Forbes Viet Nam, The ASEAN Women Entrepreneur 2017 by AWEN, The Promising Young Banker in Viet Nam 2017 by The Asian Banker, the Best Young Banking Leader - Viet Nam 2014 by the Global Banking & Finance Review (UK), etc.
| Alex Macaire started his banking career in 2007, as sales and structurer of equity derivatives solutions for HSBC. He later moved to the Finance function and has held both entity CFO and business CFO roles across Paris, Geneva, London, Hong Kong and, more recently, Hanoi. In his last role prior to joining Techcombank, he was CFO of HSBC Wealth and Personal Banking for Asia-Pacific, in charge of the financial coordination of the bank’s expansion into the Wealth business. Prior to joining the banking industry, he worked for the French government, in the Defence and Finance ministries. Mr. Alex is a graduate from French ‘Grandes Ecoles’ Ecole Polytechnique and National School of Administration and also holds a degree in actuarial science and financial mathematics from the French National School of Statistics and Economic Administration (ENSAE). |
Rebecca Tan is an Vice President – Senior Analyst for the Financial Institutions Group in Asia. Based in Singapore, Rebaca is responsible for the credit ratings of financial institutions in Vietnam and Thailand.
Prior to joining Moody’s, Rebaca worked as a banking regulator at the Monetary Authority of Singapore.
Rebaca holds a Bachelor in Accountancy (Honours) from Nanyang Technological University.
Alka Anbarasu is an Associate Managing Director in the Financial Institutions Group in Asia. Based in Singapore, she oversees the ratings team that is responsible for the credit ratings of banks and non-bank financial institutions in Japan, South and South East Asia. She is closely involved in the integration of Environmental, Social and Governance (ESG) factors into bank ratings as well as research and outreach on ESG.
Alka is a regular speaker at Moody’s market briefings, external conferences, podcasts and media engagements. She is very active in promoting Diversity, Equity and Inclusion (DE&I) initiatives via her role as the co-chair of the APAC Women’s Business Resource Group. She is also a passionate impact leader for Moody’s CSR initiatives in Asia.
Alka joined Moody’s in 2013 after several years in the investment banking division of J.P. Morgan in London and Mumbai and ING Vysya Bank in India. She has close to 20 years of experience in the financial industry. Alka completed her undergraduate degree from University of Mumbai and holds an MBA from the Xavier Institute of Management in India.
Yu Sheng Tay is an Analyst with Moody’s Corporate Finance Group.
Based in Singapore, he covers a portfolio of real estate, gaming and consumer products in Southeast Asia. Yu Sheng joined Moody’s in 2018 as an Associate Analyst and previously covered a range of industries including metals & mining, technology, and property.
Prior to joining Moody’s, Yu Sheng worked as a credit analyst, covering the construction and logistics sectors. Yu Sheng holds a postgraduate degree from the London School of Economics and Political Science.
Nishant Kumar joined GuarantCo’s Singapore office in November 2016 as Executive Director and was Regional Director for South Asia since January 2019 where he led origination and execution of transactions in the region. In June 2020, Nishant became Managing Director of Asia.
Prior to GuarantCo, Nishant worked across functions in Mergers & Acquisitions, Corporate Finance, Investment Banking and in Renewable Energy Private Equity where he led origination and execution of infrastructure, natural resources, agriculture, food & beverages, consumer transactions and investments across Asia-Pacific. Nishant started his financial services career in Hong Kong and subsequently moved to Singapore where he has been living since 2010.
Nishant has an MBA from University of Hong Kong & London Business School programme and a Bachelor of Technology in Mining Engineering from Indian Institute of Technology, BHU (Varanasi), India.
Ray Tay is a Senior Vice President / Manager in Moody’s Project and Infrastructure Finance Group. Based in Singapore, Ray covers project finance, transport, utilities and other infrastructure credits in Southeast Asia and India. Ray also authors research and conducts outreach focused on topics such as project bonds and the role of funding diversity and credit enhancement in bridging the infrastructure gap, particularly in emerging markets. Ray is also a member of Moody’s APAC ESG Working Group.
Before joining Moody’s in 2012, Ray was a Director with the Global Infrastructure & Projects Group in KPMG. Ray has also worked as a Senior Business Analyst with the Singapore Power Group, focusing on regulatory economics in each of its principal local operating subsidiaries.
Ray holds a Bachelor’s in Economics with honors from the National University of Singapore.
Nishad Majmudar is an Assistant Vice President and Analyst within Moody’s Sovereign Risk Group. Based in Singapore, Nishad covers a portfolio of sovereign credits across Asia-Pacific and writes thematic research on environmental, social and governance (ESG) issues in the region.
Before joining Moody’s in 2020, Nishad was a risk officer in Wells Fargo Bank in Singapore, responsible for setting internal credit ratings for countries in APAC. Prior to that, Nishad was an economist for the U.S. Department of the Treasury, where he specialized in South Asian economies.
Nishad graduated from Syracuse University with degrees in journalism and economics, and holds a Master’s in International Affairs from Columbia University and a Master’s in International Political Economy from the London School of Economics.
Do Tu Anh has more than 25 years of experience in investment, finance, securities, banking and real estate. Before joining Trung Nam Group, Tu Anh was leading the Investment Banking Division in the South for Techcombank, the leading commercial joint-stock bank of Vietnam. She also possess deep understanding and knowledge with the real estate development, having sat on the board of Thao Dien Investment (now Masterie Home) group for nearly 10 years through the peak and trough of the market. Tu Anh’s strong experience in project development, especially in the aspect of financing and investment, is accumulated through years of C-level and Director roles in INB Investment, Nettra Investment, participating in the licensing, implementation, and commercialization of projects.
Tu Anh earned a Bachelor of Science degree from the Hanoi Pedagogy University, Faculty of Physics, and continued to get education in business and finance in parallel with her career progress.
Alka Anbarasu is an Associate Managing Director in the Financial Institutions Group in Asia. Based in Singapore, she oversees the ratings team that is responsible for the credit ratings of banks and non-bank financial institutions in Japan, South and South East Asia. She is closely involved in the integration of Environmental, Social and Governance (ESG) factors into bank ratings as well as research and outreach on ESG.
Alka is a regular speaker at Moody’s market briefings, external conferences, podcasts and media engagements. She is very active in promoting Diversity, Equity and Inclusion (DE&I) initiatives via her role as the co-chair of the APAC Women’s Business Resource Group. She is also a passionate impact leader for Moody’s CSR initiatives in Asia.
Alka joined Moody’s in 2013 after several years in the investment banking division of J.P. Morgan in London and Mumbai and ING Vysya Bank in India. She has close to 20 years of experience in the financial industry. Alka completed her undergraduate degree from University of Mumbai and holds an MBA from the Xavier Institute of Management in India.