Standard Chartered offers support to Vietnamese SMEs

16:53 | 23/11/2016 Finance - Banking

One of the major activities of Standard Chartered Vietnam is to support Vietnamese small-and medium-sized enterprises (SMEs), affirmed Rajeev Chalisgaonkar, the bank’s Global Head of Business Banking.

Standard Chartered offers support to Vietnamese SMEs

Illustrative image (Source: telegraph.co.uk)

Speaking at a workshop on enhancing Vietnamese SMEs' access to capital and technologies in Ho Chi Minh City on November 22, Rajeev Chalisgaonkar said the bank will assist the enterprises in capital management, business expansion and profit improvement.

Such solutions have been exclusively designed for the SMEs to facilitate their banking transactions, thus helping them fulfill their long-term targets, he said.

Standard Chartered Vietnam has implemented a preferential credit package worth 330 billion VND (roughly 14.52 million USD) in an effort to promote business activities of SMEs in HCM City.

The package will mainly be used to realise the Bank-Business Connectivity Programme and remove financial difficulties faced by the businesses. Standard Chartered Vietnam has been the first foreign bank to take part in the programme.

Vice President of the Vietnam Chamber of Commerce and Industry (VCCI) Vo Tan Thanh described SMEs as the backbone of the national economy and highlighted the significance of cooperation between the VCCI and the bank in assisting the businesses to access capital and technologies in the context of economic integration.

The collaboration will help the firms grasp business opportunities and achieve their targets at both domestic and foreign markets, he said./.

 

Source: VNA

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