Transactions at Standard Chartered Bank Vietnam. (Photo courtesy of the bank)Michele Wee, CEO Standard Chartered Vietnam, said: “Vietnam, withits bright outlook in the medium and long term, is a key growth market forStandard Chartered. The country has an abundance of opportunities to thrive andwe are fully committed to supporting Vietnam's sustainable growth through a robustand sound long-term strategy. Our desire to be a catalyst forsocio-economic development sits at the heart of our business strategy and isreflected in our brand promise, to be here for good. We are very proud toreceive the recognition by Global Business Review and want to thank our clientsand the Standard Chartered Vietnam team for the trust in our organisation.”
Standard Chartered continue strengthening its capabilities,investing in employees and resources in Vietnam to serve the evolving needs ofclients with cutting-edge technology, digitalisation and innovation in theprovision of banking services to clients. Being the “Best Retail Bank” and“Best Mortgage Offering” in Vietnam in 2022 at the Retail Banker International(RBI) Asia-Pacific (APAC) Trailblazer Awards 2022, Standard Chartered Bank isone of the first banks to launch a series of sustainable products such as GreenMortgage Loan and carbon neutral debit and credit cards.
These are part of a series of green products that have been launchedand will be launched by the bank to encourage clients to adopt a sustainableliving lifestyle. The Green Mortgage criteria include international standardssuch as LEED, BEAM Plus, BREEM, IFC EDGE, Green Mark, Green Star, Three StarSystem and G-Seed. Clients opting for projects that meet these standards areentitled to preferential green mortgage terms such as lower interest rate,waiver of valuation or insurance fee, servicing fee.
The bank has also recently been awarded the Best Foreign RetailBank in Vietnam 2022 by International Finance Magazine for the thirdconsecutive year.
The bank continues to support local companies to drive commerce,prosperity, and expand internationally. As of 30 June 2022, the bank reportedoutstanding Sustainable Finance exposures of 52 million USD supportingrenewable energy assets, which has led to over 40 tonnes of CO2 saved in thelast year, and 51 million USD supporting SME financing.
Standard Chartered Vietnam and its global network also partnerwith local banks to finance renewable energy projects’ equipment and the bankcontinue to be a strong supporter in Vietnam’s energy transition ambitions./.
VNA
