Standard Chartered pledges support for ASEAN firms
Standard Chartered Bank has affirmed its strong commitment to supporting enterprises from ASEAN member nations in expanding their business in the region and the world, heard a seminar on May 16.
HCM City (VNA) – Standard Chartered Bank hasaffirmed its strong commitment to supporting enterprises from ASEAN member nations in expanding their business in theregion and the world, heard a seminar in Ho Chi Minh City on May 16.
Addressing the event, Standard Chartered Vietnam General Director Nirukt Saprusaid the bank has got a comprehensive and deep insight into each ASEAN market duringits 150-year operation in the region.
Standard Chartered has strongly developed its network in ASEAN and become theonly international bank in all the ten member nations, significantly contributingto the bloc’s development, he said.
Nirukt Sapru believed with its capacity, the bank is able to assist ASEAN investorsin making inroads into international markets, by providing effective measures tosupport payment, trade, investment and asset management.
Speaking at the event, Chairman of the Malaysia Business Chamber in Vietnam (MBC) Theng Bee Han spoke highly cooperation between StandardChartered with trade promotion organisations such as business associations ofSingapore and Thailand, and the Indian Chamber of Commerce in Vietnam.
Investors from ASEAN and Malaysia in particular are interested in enhancingtrade and investment links with Vietnam, he said.
Standard Chartered’s financial institutions can play an important role insupporting trade activities and boosting development in ASEAN in general and inVietnam in particular, he added.
Standard Chartered is leading in providing services and creativesolutions which are designed to meeting demand of customers in ASEAN.-VNA
About 40 percent of Chinese investors will select Vietnam as their next location if they plan to move investment out of China, said a survey of the Standard Chartered Bank.
Vietnam’s GDP is expected to grow at 6.6 percent in 2017 following a drought-induced slowdown in 2016, according to Standard Chartered Bank’s Global Research Briefing.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
Illustrative image (Source: telegraph.co.uk) 
