vietnamese exporters stand to gain 633 million by increasing trade with india

Vietnamese exporters stand to gain $633 million by increasing trade with India

Vietnamese businesses could increase exports to India by $633 million annually, the Standard Chartered Trade Opportunity Report has revealed. The study also found that Indian exporters could boost trade with Vietnam by an estimated $475 million, bringing the bilateral trade opportunity to $1.1 billion.
scb appoints foreign acting ceo

SCB appoints foreign acting CEO

Saigon Joint Stock Commercial Bank (SCB) has announced the decision on appointing Chen Yi-Chung (Jeremy Chen) as acting CEO. This appointment is amid the drastic implementation of the transformation and sustainable development strategy for 2020-2030 at SCB with strategic consultations from McKinsey & Company.
banks struggle to lure long term capital

Banks struggle to lure long-term capital

Banks have to mobilise long-term capital at high costs by issuing certificates of deposit (CD) in Vietnamese dong with high interest rates to lure depositors, causing concerns about a domino effect on lending rates.
vietnam fastest growing asean economy scb

Vietnam fastest growing ASEAN economy: SCB

Standard Chartered Bank continues to expect Viet Nam’s robust GDP growth of 7 per cent in 2018, driven by strong FDI-supported electronics manufacturing and rising consumption.
scb forges ahead to use industry 40s potential

SCB forges ahead to use Industry 4.0’s potential

To keep up with the ever-increasing demands of the Fourth Industrial Revolution, banks around the world as well as in Vietnam are being proactive in research and development of modern applications when crafting their products and services, as well as in implementing governance activities that are compatible with Industry 4.0. Saigon Joint Stock Commercial Bank (SCB) is not an exception.
scb and hong kong banks sign the cooperation agreement on syndicated credit financing

SCB and Hong Kong banks sign the cooperation agreement on syndicated credit financing

Saigon Joint Stock Commercial Bank (SCB) and three banks from Hong Kong committed to mutually provide credit and ensure a stable financing source for Union Square to foster its business operations.
four banks to organise agm this week

Four banks to organise AGM this week

The LienVietPostBank, SCB, MB and VIB are due to organise the annual general meeting (AGM) of shareholders this week.
mas fines stanchart singapore s 52m for anti money laundering terrorism financing breaches

MAS fines StanChart Singapore S$5.2m for anti-money laundering, terrorism financing breaches

Standard Chartered Bank, Singapore Branch (SCBS) has been fined S$5.2 million and Standard Chartered Trust (Singapore) Limited (SCTS) has been fined S$1.2 million for breaches of the Monetary Authority of Singapore's (MAS) anti-money laundering and countering the financing of terrorism requirements.
manulife vietnam and scb celebrate one year exclusive partnership anniversary

Manulife Vietnam and SCB celebrate one-year exclusive partnership anniversary

Manulife Vietnam and Saigon Commercial Bank (SCB) is celebrating the first anniversary of their exclusive partnership.
thai lender to acquire vinasiam bank

Thai lender to acquire Vinasiam Bank

Thailand's Siam Commercial Bank (SCB) will set up a branch in Viet Nam by acquiring the joint venture Vinasiam Bank.
uk bank supports vietnamese coffee producer

UK Bank supports Vietnamese coffee producer

The UK Standard Chartered Bank (SCB) and Tin Nghia Corporation in the southern province of Dong Nai have signed a credit agreement worth US$22 million to help this business boost coffee production and exports.
vamc debt buyouts gain momentum

VAMC debt buyouts gain momentum

After buying $81 million of non-performing loans (NPL) from state-owned Agribank, reducing the it’s bad debts to 7.5 per cent two weeks ago the Vietnam Asset Management Company (VAMC) made similar purchases from Saigon-Hanoi Commercial Joint Stock Bank (SHB), Petrolimex Commercial Joint Stock Bank (PG Bank), and Saigon Commercial Joint Stock Bank (SCB).
ceo of newly merged scb bank resigns

CEO of newly-merged SCB Bank resigns

From October 15, Mr. Vo Tan Hoang Van - Vice President has been official the CEO of SCB Bank, replacing Mr. Le Khanh Hien, who resigned for personal reasons.
sbv governor makes two awards to standard chartered bank vietnam

SBV Governor makes two awards to Standard Chartered Bank (Vietnam)

Standard Chartered Bank (Vietnam) Limited (SCBVL) yesterday received two awards form Governor Nguyen Van Binh in recognition of its recent achievements.
scb to improve financial heath

SCB to improve financial heath

Saigon Commercial Bank, one year after the merge, now has better liquidity and improved payment ability, statement from State Bank released last week.