Standard Chartered supports stronger Vietnam-Singapore economic relations

The forum, which took place in Singapore on February 10, was a key platform for Vietnamese business leaders and government leaders from ministries, including Planning and Investment, Industry and Trade, Finance, Agriculture and Rural Development, Education and Training, and provinces of Vietnam to discuss policies for boosting the post-pandemic economy in 2023. As a supporting partner, the bank is reinforcing its commitment to Vietnam’s growth and support of the strong Vietnam-Singapore bilateral ties.

Standard Chartered is the only international bank with a presence in all 10 ASEAN markets and plays a key role in facilitating regional investments. Beyond Singapore, Standard Chartered’s extensive global network and strong international client base has enabled the bank to act as a catalyst to attract Foreign Direct Investment (FDI) into Vietnam.

“A rising star in the region, Vietnam’s attractive investment policies and favourable demographics make it the market of choice for many Singapore investors and businesses. With Vietnam’s burgeoning consumer market and opportunities from green energy to infrastructure development, we are seeing greater interest among Singapore clients to expand into Vietnam," said Patrick Lee, chair of Board of Members of Standard Chartered Bank Vietnam (Limited). "Our strong presence in Vietnam and Singapore puts us in an excellent position to help our clients grow their business regionally, as we partner our clients in both their home and overseas markets.”

Michele Wee, CEO of Standard Chartered Vietnam said, “We believe that Vietnam continues to offer appealing business and investment opportunities for foreign businesses and investors. Levering our in-depth local knowledge drawing on our 119 years history in Vietnam, combined with our unrivalled international expertise and a full suite of innovative financial solutions, Standard Chartered is committed to supporting our clients in Vietnam and overseas in doing cross-border business and realising their growth ambitions.”

At first glance, there may appear to be few similarities between the economies of Vietnam and Singapore. One is a leading exporter of consumer electronics, textiles, and footwear while the other is a global hub for shipping, technology, and financial services. Yet, like many successful partnerships, strong potential synergies exist.

Standard Chartered Vietnam today presented the grand prize – a life-time trip to Anfield stadium, home of Liverpool Football Club in the United Kingdom, to the winners of the second season of its “Bank more, Score more” campaign.

Standard Chartered Vietnam is continuing to lead the way in sustainability and, in turn, drive growth for its customers and the economy at large.