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Banking & Finance

SCB Group CEO visits Vietnam

Released at: 15:44, 13/09/2016

SCB Group CEO visits Vietnam

Photo: SC

Mr. Bill Winters pays visit to understand how Standard Chartered can continue to contribute to Vietnam's financial sector.

by Hung Nguyen

Mr. Bill Winters, Group Chief Executive Officer of Standard Chartered Bank, made his first official visit to Vietnam in early September to find out how the bank can further contribute to Vietnam’s growth and the development of its financial sector.

“Vietnam is an attractive emerging market driven by a young and dynamic population and increasing integration into the global economy,” he said. “Being one of the oldest international banks in the country gives us deep local knowledge, which, combined with our excellent international expertise and network, puts us in an ideal position to facilitate Vietnam’s growth.”

During his visit Mr. Winters called upon senior Vietnamese government and business leaders to exchange views about investment opportunities and the country’s economic potential.

He also affirmed that the bank would continue to invest in Vietnam to capture the opportunities the market offers and to drive trade, investment and the creation of wealth in the country.

On this occasion the bank also launched Standard Chartered credit cards in Vietnam.

Standard Chartered is a leading international banking group with a 150-year history in some of the world’s most dynamic markets. The bank opened its first Vietnam branch in Saigon (now Ho Chi Minh City) in 1904 and set up its locally incorporated entity, Standard Chartered Bank (Vietnam) Limited, in 2009. The Vietnam subsidiary provides a full suite of banking products and services for corporates, financial institutions, small and medium-sized enterprises, and individuals.

It currently has more than 850 employees and three branches - two in Hanoi and one in Ho Chi Minh City. Its head office is in Hanoi.

The bank brings international expertise and experience in Asia, Africa and the Middle East to Vietnam, building a broad business that helps to develop Vietnam’s financial services sector and assists clients in developing their businesses.

Standard Chartered has acted as the sole Sovereign Credit Ratings Advisor to the Vietnamese Government since March 2012. In this capacity it has been a trusted partner of Vietnam through a period of macro-economic instability.

It was named “Best Foreign Bank in Vietnam” by the Global Banking & Finance Review in 2014 and 2015 and by Global Business Outlook in 2016.

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