Standard Chartered to explore Hong Kong-Vietnam business opportunities

The MoUs were signed by Mary Huen, CEO of Standard Chartered Hong Kong, and the senior leaders of the three corporates in Ho Chi Minh City last week.

Huen was taking part in a high-level business delegation led by John Lee, chief executive of the Hong Kong Special Administrative Region, to promote business ties between Hong Kong and ASEAN.

Both Kingboard and Computime are Hong Kong-based corporates. Kingboard is one of the world’s largest laminate manufacturers, while Computime is a technology, brand, and manufacturing company for smart and sustainable living.

The MoUs will capitalise on Standard Chartered Hong Kong’s wide-ranging financial solutions including financing, treasury services, and sustainable finance advisory to help the two corporates expand business and production lines in Vietnam.

Meanwhile, Stavian Group is a Vietnam-based multinational corporation, operating large-scale industrial manufacturing and commercial activities, most notably chemical and petrochemical production and distribution. Through the MoU, Standard Chartered Hong Kong will help it explore the opportunities in the Guangdong, Hong Kong, Macau Greater Bay Area and other markets in China.

Huen said, “Standard Chartered is the only international bank that has a presence in all the 10 member states of ASEAN. We are glad to participate in this delegation to promote the business ties between Hong Kong and ASEAN, and to sign these MoUs so as to ride on the bank’s robust local and cross-border banking services to help them seize the rising opportunities in the Hong Kong-Vietnam corridor."

Nguyen Thuy Hanh, head of Corporate and Investment Banking at Standard Chartered Vietnam said, “With Standard Chartered’s deep roots in Vietnam for 120 years, we are well-positioned to help foreign businesses and investors to explore this dynamic market as the world continues to look for supply chain diversification. While we are thrilled to welcome these businesses to come and invest in the manufacturing capabilities of Vietnam, we are also keen on working with our colleagues in Hong Kong to help our Vietnamese clients ride on Hong Kong’s role as a super-connector to access the multitude of opportunities in mainland China.”

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