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Banking & Finance

Standard Chartered opens new HCMC branch

Released at: 11:28, 03/01/2018

Standard Chartered opens new HCMC branch

Photo: Khanh Chi (VET)

Bank launches new full-service branch in District 7.

by Hong Nhung

Standard Chartered Bank Vietnam opened a new full-service branch in Ho Chi Minh City’s District 7 on January 2.

The latest opening takes the number of branches in Vietnam to four: two in Ho Chi Minh City and two in Hanoi.

The grand opening of the District 7 Branch was celebrated in the presence of Mr. Bill Winters, Group Chief Executive of Standard Chartered PLC, during his second official visit to Vietnam, and Mr. Nirukt Sapru, CEO for Vietnam and ASEAN and South Asia Cluster Markets.

Located on the ground floor of the Mapletree Business Centre, the branch provides a full suite of banking products and services for retail and corporate banking clients, including deposit, saving and current accounts, loan products, insurance, wealth management, priority banking, and debit and credit cards.

“The opening of our new office in District 7 is a great way for us to start 2018,” said Mr. Winters. “Having been in Vietnam for more than 110 years, we are committed to driving commerce and prosperity in the country and are constantly strengthening our capabilities and resources here to better serve the evolving needs of our clients. Our establishment of the new branch reinforces our commitment to being here for our clients and for Vietnam.” 

“We always strive to make banking more convenient and easily accessible for our clients,” said Mr. Sapru. “Launching the new branch is a further step in our strategy to extend the reach and offer world class banking products and services to more clients in Vietnam. We will continue to leverage our international expertise and local capabilities to benefit our clients, building our distribution to provide them with greater access and convenience.” 

The branch will also offer a fully robotic Safe Deposit Locker facility, which is the first of its kind in Vietnam. The facility will be accessible 24/7 and ensure the highest standard of security, convenience, and privacy, providing clients with peace of mind in safeguarding their valuables. It is expected to open during the first quarter on the new year and will be available exclusively for Standard Chartered Vietnam’s Priority clients.

“District 7 is a vibrant area, and the new branch will enable us to deepen relationships and attract new clients, to strengthen our client base,” said Mr. Harmander Mahal, Head of Retail Banking Vietnam at Standard Chartered Bank. “People in the area can now avail themselves of our full suite of world-class banking products and services, which can be tailored to their needs. A team of financial experts will also be available to help them make the best of their banking experience.”

The expanded branch network complements Standard Chartered Vietnam’s retail banking strategy, which combines a physical presence with digital capabilities to provide clients with an excellent banking experience.

Standard Chartered Vietnam has been named “Best Foreign Bank in Vietnam” for three consecutive years, by the Global Banking & Finance Review in 2014 and 2015 and by Global Business Outlook in 2016.

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