Workers at a factory in Vietnam (Photo: VNA)Jose Vinals, group chairman of the bank, made the statement at a dialogue withVietnamese Minister of Trade and Industry Nguyen Hong Dien within the frameworkof Prime Minister Pham Minh Chinh’s trip for COP26 held in Glasgow, Scotland,recently.
Minister Dien affirmed that his ministry will devise necessary institutions to enhanceinternal strength of the economy and raise the competitiveness of Vietnameseenterprises. These institutions will help businesses take advantage of freetrade agreements (FTAs) in export activities and meet needs of the domesticmarket.
Besides, the ministry will accelerate digital transformation in all production fieldsand trade, and pursue a sustainable development model. Vietnam's industrialpolicy orientation includes cleaner, greener production; use of energy in a moreeconomical and efficient manner; and development of basic and supportingindustries based on achievements of the fourth Industrial Revolution.
Dien encouraged investors to build projects in line with Vietnam’s above-saidindustrial development strategy.
Vinals highlighted Standard Chartered’s investment ability to promote technologytransfer and contribute economic benefits to Vietnam.
According to him, there is an opportunity for Vietnam to become one of theworld's important factories, and the country can participate intensively in theglobal value chain.
He expressed his belief that his bank's investment strategy is compatible withVietnam's priority development areas.
Standard Chartered is one of the first five international banks to be presentin Vietnam, officially operating in the country in 2009./.
VNA
