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|The accolades recognised the bank for its market-leading capabilities|
The accolades recognised the bank for its market-leading capabilities and unwavering efforts to support clients’ sustainable development.
A remarkable deal that earned Standard Chartered Bank Vietnam the recognition was BIM Land JSC’s debut $200 million senior guaranteed fixed rate notes in 2021, in which the bank acted as joint lead manager, joint bookrunner, and sole green advisor.
The bank also played a pivotal role in structuring the transaction, creating the green bond framework, devising the marketing and execution strategies, and advising the issuer on windows in the market.
|With sustainability being a key priority, Standard Chartered has launched multiple initiatives to promote sustainable development for its clients and the economy.|
“One of our key focuses lies on sustainability. Standard Chartered Bank Vietnam aspires to become a leader and driver of sustainable development globally and here in Vietnam,” said Michele Wee, CEO of Standard Chartered Bank Vietnam. “Our top priority is are the environmental, social, and corporate governance (ESG) criteria, and we will strive to partner with our clients as they work to deliver their green commitments. We are focused on consistently delivering world-class services and strategic solutions and making a significant difference in the markets we operate in. It is indeed a great pleasure that our efforts here in Vietnam have been recognised.”
Nguyen Thuy Hanh, deputy general director and head of Commercial, Corporate, and Institutional Bank at Standard Chartered Bank Vietnam said, “We are very proud to receive this prestigious award from Triple A Asset. We always think of clients and constantly leverage our in-depth industry knowledge and international expertise to deliver solutions that meet the evolving needs of our clients. I would like to extend our sincere thanks to all of our clients for having placed their trust in us and joining our efforts to create a more sustainable world, which is a great source of motivation for us to continue innovating and enhancing our capabilities to serve them even better.”
With sustainability being a key priority, Standard Chartered has launched multiple initiatives to promote sustainable development for its clients and the economy.
Last year, the bank joined hands with the Ministry of Planning and Investment and the Embassy of Vietnam in the UK to co-organise the conference “In conversation at COP26 with the Prime Minister of Vietnam: Securing a prosperous and sustainable future through private investment” in Glasgow on the fringes of COP26. As part of this event, the bank exchanged MoU worth a total of $8.5 billion with three Vietnamese businesses to support their sustainability goals.
Fitch Ratings, in December, asserted the outlook of Standard Chartered Bank Vietnam at positive with the bank’s long-term foreign currency and local currency issuer default ratings at BB and BBB- respectively.