Standard Chartered named “Best Foreign Bank in Vietnam” by Global Business Review

14:07 | 05/11/2021 Events

(VEN) - Standard Chartered Bank Vietnam has been named the “Best Foreign Bank in Vietnam” in 2021 by Global Business Review.

standard chartered named best foreign bank in vietnam by global business review

Leveraging the strength of Standard Chartered’s broad international network and in-depth local knowledge, the Bank continues to contribute to Vietnam’s economic development. World class banking services are provided across a broad range of segments including consumer, private and business banking (CPBB) and commercial, and corporate & institutional banking (CCIB). Standard Chartered has invested significantly in Vietnam over the last few years. The Bank recently increased its charter capital to over VND 6.9 trillion, the third capital injection since 2018, to support the continued growth of its Vietnam franchise.

Michele Wee, CEO Standard Chartered Vietnam, said, “Vietnam, with its bright outlook in the medium and long term, remains a key market in our global footprints. We are committed to Vietnam’s recovery and sustainable growth and promoting Vietnam as a key destination for foreign investment. We are very proud to receive the recognition by Global Business Review and want to thank our clients and the Standard Chartered Vietnam team for the trust in our organization. We look forward to doing even more in 2022.”

The Bank’s CCIB business focuses on supporting local companies to drive commerce, prosperity, and expand internationally. With the financial expertise, governance frameworks, technology and geographical reach, the Bank helps its clients to unlock capital for sustainable development. In 2020, the Bank extended credit limit of USD22 million to 9 Vietnamese clients. Standard Chartered also became the pioneer in sustainable finance with an USD 462 million trade finance transaction for renewable wind power projects.

The Bank also has a thriving CPBB business, focused on supporting the increasingly global aspirations of the Vietnamese customers. The Bank brings together world-class banking products and an innovative, digitally-led business model to meet the needs of Vietnam’s affluent and emerging affluent. Among others, the bank has recently been awarded the Best Foreign Retail Bank in Vietnam 2021 by International Finance Magazine.

The Bank also focused on investing in human capital to enable business expansion and is accelerating talent recruitments for all segments. It has recently been named One of the Best Companies to Work for in Asia in 2021 for the fourth consecutive year by HR Asia, which reaffirms the Bank as the employer of choice in the market.

My Phung