Standard Chartered Bank Recognizes Vietnam as Prime Destination for Emerging Economies
Vietnam's Economic Potential Recognized by Standard Chartered Group
During a dialogue with Vietnamese Minister of Industry and Trade Nguyen Hong Dien, Standard Chartered Group Chairman Jose Vinals lauded Vietnam as the premier destination for emerging economies. The discussion took place within the framework of Prime Minister Pham Minh Chinh’s recent attendance at COP26 in Glasgow, UK.
Commitment to Economic Growth
Minister Dien affirmed Vietnam's commitment to strengthening the national economy's internal resilience and enhancing the competitiveness of Vietnamese enterprises. He emphasized the importance of creating necessary institutions to support businesses in leveraging free trade agreements (FTAs) for export activities and domestic market development.
Embracing Digital Transformation
The Vietnam Ministry of Industry and Trade reiterated its commitment to accelerating digital transformation across production and trade sectors while prioritizing sustainable development. This includes promoting cleaner, greener production methods and adopting energy-efficient practices, aligning with Industry 4.0 principles.
Investment Opportunities
Encouraging investors to align their projects with Vietnam's industrial development strategy, Minister Dien highlighted the nation's potential to become a significant player in the global value chain. Vinals of Standard Chartered emphasized the bank's investment capacity to facilitate technology transfer and drive economic growth in Vietnam.
Partnership and Recognition
Standard Chartered's presence in Vietnam dates back to 2009, positioning the bank as one of the pioneers among international financial institutions in the country. Recognized for its contributions to Vietnam's banking sector, the bank has received prestigious accolades such as the best priority bank and e-retail bank by the International Finance Magazine.
Future Prospects
As Vietnam continues its journey towards sustainable development and economic prosperity, partnerships between financial institutions like Standard Chartered and the Vietnamese government will play a pivotal role. With a shared vision for innovation, technology transfer, and sustainable growth, Vietnam is poised to emerge as a key player in the global economy.
