2024 Global Trade Trends conference held in Ho Chi Minh City

The event saw Citi Treasure and Trade Solutions experts discuss themes such as working capital optimisation, sustainable financing, infrastructure financing, and trade digitalisation with AI. Citi seniors also updated on the local economy and key trade regulations.

"This conference highlights Citi’s commitment to supporting trade growth and economic development in Vietnam and the broader ASEAN region. Our insights and innovative solutions are designed to help our clients navigate the complexities of the global trade environment," said Thuy Lai, country head of Treasury and Trade Solutions and CCPS Vietnam.

Keynote speaker Shalin Shroff, Citi’s head of Asia South Trade and Working Capital Sales, provided in-depth information about the global trade landscape, highlighting Asia’s growing importance.

"Asia is dominating global trade flows, with Vietnam playing a strategic role in the global supply chain. The continent is expected to account for nearly 40 per cent of the global trade flows by 2027, up from 34 per cent in 2010," said Shroff.

Shalin Shroff went on to list four market trends shaping Vietnam’s trade growth, including supply chain improvements, increased foreign direct investment, rising intra-Asia trade, and technological advancements.

Citi experts believe that Asia will continue to anchor global trade through 2030, with ASEAN expected to experience significant growth.

According to a recent Citi GPS report on supply chain financing, large corporations are increasingly optimistic about supply chain stability.

A recent survey confirmed an easing of supply chain pressure. However, sustained higher interest rates are creating uncertainty, especially for small- and medium-sized enterprises.

Citi’s mid-year research on Vietnam’s economic outlook revealed robust export growth, with a 17 per cent on-year increase.

Citi Vietnam recognised as Best Corporate Bank and Best Sustainable Bank for 2024 by FinanceAsia Citi Vietnam has been named Best Corporate Bank and Best Sustainable Bank at the FinanceAsia Awards.

Citi Vietnam planting trees as part of community goals Citi celebrated its 19th annual Global Community Day (GCD) in June, a yearly campaign aimed at serving communities worldwide through volunteer campaigns.

Citi Vietnam chief shared views at the Interbank Off-Site Workshop Ngo Thi Hong Minh, head of markets and country treasurer at Citi Vietnam, attended the 2024 Interbank Off-site Workshop held in Danang on August 9.