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Standard Chartered supports enterprises' ASEAN expansion

Released at: 16:55, 17/05/2017

Standard Chartered supports enterprises' ASEAN expansion

Photo source: ven.vn

Bank hosts event to commit support to investors throughout ASEAN.

by Hong Nhung

Standard Chartered Bank expressed its strong commitment to supporting ASEAN companies to expand regionally and internationally at an investors meeting entitled “Bridging ASEAN” held on May 16 in Ho Chi Minh City.

Exclusively sponsored by Standard Chartered Bank, the meeting attracted some 120 business leaders from Malaysia, Singapore, Thailand, Indonesia, and Vietnam.

Experts including Mr. Saket Sarda, Head of Trade, ASEAN & South Asia (ASA), Mr. Edward Lee, Head of ASEAN Economic Research of Standard Chartered, and Mr. Theng Bee Han, President of the Malaysia Business Chamber Vietnam, shared insights of the latest global, regional, and local developments and how having a strong partner such as Standard Chartered can help fulfill the growth aspirations of businesses across ASEAN.

The Malaysia Business Chamber Vietnam was the main host of the meeting while the Singapore Business Group, the Thai Business Association, and the Indonesian Chamber of Commerce Vietnam were co-hosts.

“In our 150 years in ASEAN, we have developed deep local insights into each market and grown our network to be the only international bank operating in all ten ASEAN markets,” said Mr. Nirukt Sapru, CEO of Standard Chartered. “With our vast experience, extensive network and in-depth knowledge, we had the privilege of supporting and growing with the region, while constantly striving to have a socioeconomic impact with our footprint.” 

“I am very confident that with our advanced capabilities, we are well positioned to help more ASEAN investors fulfill their internationalization plans by providing seamless cross-border solutions for payments, trade, investment and wealth,” he added.

“I am seeing increasing interest from Malaysian and other ASEAN investors in expanding their trade links and investment with Vietnam and across the region,” said Mr. Han. “The Malaysia Business Chamber functions as a gateway for many of our fellow Malaysian investors. We greatly appreciate the opportunity to work with Standard Chartered Bank to host this content-rich meeting to provide value to our members. We believe that financial institutions can play a big role in facilitating trade and development in ASEAN.”

Standard Chartered Bank opened its first office in Vietnam in 1904 and has been present in Singapore for 158 years, Indonesia for 154 years, Malaysia for 142 years, and Thailand for 123 years. It is currently the only international bank present in all ten ASEAN markets.

The bank has been leading the way in providing sophisticated and customized services and solutions for its clients in the ASEAN region, ranging from Leveraged Finance, Structured Trade Finance, M&A Advisory, Debt Capital Markets, and Syndicated Loans to Project & Export Finance, and Shipping Finance & Lease Product Offerings.

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