Prime Minister receives Standard Chartered Group Chief Executive in Hanoi
The PM praised the Standard Chartered for supporting Vietnamese ministries and agencies in implementing the Just Energy Transition Partnership (JETP) in Vietnam, as well as for working with the Glasgow Financial Alliance for Net Zero (GFANZ) to help the country achieve its sustainable development goals.
Prime Minister Pham Minh Chinh (R) and Bill Winters, Chief Executive of Standard Chartered in Hanoi on April 2 (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham Minh Chinh met with Bill Winters, Chief Executive of Standard Chartered in Hanoi on April 2 evening, asking the group’s support for Vietnam in establishing international financial centres, obtaining green finance, and developing the private sector.
Expressing gratitude to Standard Chartered for its active role as the sole advisor to the Vietnamese Government since 2012 on improving the nation’s credit rating, the PM praised the bank for supporting Vietnamese ministries and agencies in implementing the Just Energy Transition Partnership (JETP) in Vietnam, as well as for working with the Glasgow Financial Alliance for Net Zero (GFANZ) to help the country achieve its sustainable development goals. Standard Chartered has signed cooperation agreements, providing over 8 billion USD in financing to Vietnamese businesses and partners.
Highlighting that Standard Chartered has been present in Vietnam for over 120 years, the Government leader encouraged the group to continue sharing its experience and consulting on the selection of models and solutions for the development of Vietnamese international financial centres, particularly regarding related institutional frameworks, policies, human resources training, management science, and comprehensive financial ecosystem solutions.
The PM also called for the bank’s increased assistance for Vietnam’s implementation of JETP, provision of green development credit, and business support in projects involving wind energy, green hydrogen, and sustainable trade. Additionally, he suggested Standard Chartered help the country develop its private sector, attract more foreign direct investment (FDI), while assisting Vietnamese companies in both domestic growth and global expansion.
Chinh also asked for the bank’s continued advice for the Vietnamese Government in raising the national credit rating to investment grade and policy reform recommendations for the nation to attract high-quality investment in key sectors like high-tech manufacturing, green agriculture, and clean and renewable energy.
For his part, Winters said he is impressed by Vietnam’s remarkable development as a bright spot in the context of a challenging global landscape.
Acknowledging the country’s commitments to climate change response and its potential for green and sustainable development, he said that the group is workingཧ closely with local authorities to further support Vietnam in green development, particularly in the establishment of inter𝓡national financial centres as suggested by his host./.
Standard Chartered has released its latest macroeconomic updates for Vietnam, forecasting the US dollar will strengthen in 2025 but weaken early in the year.
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Vietnam is a country with which Russia shares a special relationship. In the 1950s and 60s, particularly during Vietnam’s struggle for independence, the two countries forged a deep bond. While much has changed over time, the friendship and cooperation between our nations have endured, said Russian President Vladimir Putin.
For 50 years, Vietnam and New Zealand have worked together to uphold peace and prosperity for their peoples and the region. The friendship, cooperation, and mutual understanding Vietnam and New Zealand nurtured have grown from a seed into a deeply rooted, strong, and thriving tree, she stressed.
Since the Strategic Partnership was established in 2020, Vietnam and New Zealand have witnessed steady growth in the relations. Beyond the remarkable 40% increase in bilateral trade over five years, political relations and multilateral interactions, particularly within the CPTPP framework, have remained highly positive.
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Ha expressed his hope that cooperation in science and technology, agriculture, and natural resources would emerge as new focal points and engines of growth in Vietnam–China relations.
Giang said he believes that building on the solid foundation nurtured over the past half-century and the strong determination of both nations, the Comprehensive Strategic Partnership will continue to grow in a more robust, comprehensive, and extensive manner, thus bringing more practical benefits to the two nations' people.
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The Party leader's working session with the standing boards of the Party Committees of HCM City, Ba Ria – Vung Tau and Binh Duong, the VNA General Director's remarks on the occasion of the 19th OANA General Assembly, the launch of new NIC - Google initiatives aimed at bolstering AI entrepreneurship and digital literacy in Vietnam are among news highlights June 18.
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