Standard Chartered committed to Vietnam’s financial success

November 21, 2024 | 09:24
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According to the International Monetary Fund’s World Economic Outlook Report in April this year, Vietnam is the only Southeast Asian representative in the top 10 countries with a forecast of 6.4 per cent growth from 2024 to 2029.

As one of the leading and oldest international banks in Vietnam, Standard Chartered is well-positioned to support this growth. Being client focused, we constantly leverage our in-depth industry knowledge and international expertise to deliver solutions that meet the evolving needs of our clients.

Standard Chartered committed to Vietnam’s financial success
Nguyen Thuy Hanh, CEO cum head Banking & Coverage Standard Chartered Vietnam

My focus is to build on our core strengths while embracing innovation to keep us competitive in an evolving market. Our strategy centres around three main pillars: enhancing client experience through digital transformation, expanding our product offerings to meet changing customer needs, and reinforcing our commitment to sustainable finance.

With more than 120 years of history operating in Vietnam, Standard Chartered is committed to providing effective financial solutions and supporting businesses to grow in Vietnam and other markets within the bank’s network.

It has also contributed to supporting businesses in financial transactions. Most recently, in the second half of 2024, Standard Chartered arranged a $100 million syndicated loan for Stavian Chemical, a Vietnam-based multinational industrial enterprise, and connected the client with our network in China, Hong Kong, ASEAN markets, and many more to come as the company implements its global growth plan. And in July, Standard Chartered co-led the largest syndicated loan ever of $175 million for Techcom Securities.

Environmental, social, and governance (ESG) criteria and sustainability are not just priorities. They are embedded into our purpose and values. Standard Chartered is committed to expanding the scale and reach of sustainable finance, with plans to mobilise $300 billion in sustainable finance by the end of this decade. It aims to achieve net-zero in its financed emissions by 2050.

Standard Chartered also aims to become the market leader in sustainable finance in Vietnam. The bank offers over 40 product variants to support clients across their banking needs, including trade finance, ESG advisory, loans, bonds, derivatives, and carbon trading.

At Standard Chartered, we are dedicated to supporting the success of Vietnam’s financial market and creating value for the community. By collaborating on impactful projects with our clients, partners, and the government, we aim to help build a more sustainable and prosperous future for Vietnam.

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Nguyen Thuy Hanh, Standard Chartered Vietnam’s CEO and head of Banking and Coverage, delves into Vietnam’s development this year.

By Thuy Hanh

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