Standard Chartered Vietnam named “The Most Outstanding Foreign Bank in Vietnam” in 2022-2023

Standard Chartered Bank Vietnam was named among the Top 50 foreign-invested enterprises (FIEs) in Vietnam and bestowed the title “The Most Outstanding Foreign Bank in Vietnam” in the 2022-2023 period at the Golden Dragon Awards 2023, held recently by VnEconomy / Vietnam Economic Times. This is testament to the bank’s strong commitment and unwavering effort to support the sustainable development of its clients and the economy.

From more than 500 nominations, the award recognizes the top 50 pioneers for their contributions to innovation, green transition, and the application of digital technology during their activities in Vietnam, and especially for their environmental, social, governance (ESG) performance. Winning FIEs were selected in six sectors: manufacturing; digital technology and digital services; financial and insurance; infrastructure, industrial parks, and real estate development; education and healthcare; and agriculture, foodstuffs, and beverages.

“Vietnam remains a key growth market for Standard Chartered and we will continue to invest in Vietnam to drive commerce and prosperity,” said Ms. Michele Wee, CEO of Standard Chartered Bank Vietnam. “This is great motivation for our team to continue focusing on our key strengths to deliver for our clients, stakeholders, and the economy.”

Leveraging the strengths of Standard Chartered’s broad international network and in-depth local knowledge, the bank continues to contribute to Vietnam’s economic development. It has stepped up its investment in Vietnam over the past few years. In August 2021, it made a third capital increase within three years, injecting an additional $120 million into the Vietnam franchise.

Standard Chartered Vietnam has also been proactively working to make a difference in the community by tackling issues that may hinder sustainable social and economic development. Community investment is a key focus of the bank’s commitment to Vietnam. It has invested over $5 million into community projects ranging from “girls clubs” in secondary schools to entrepreneurship in the community.

In February this year, together with the Ministry of Foreign Affairs, it organized the “Global economic and financial outlook update 2023: Implications for Vietnam” seminar, with the participation of State agencies, embassies, business chambers, businesses operating in Vietnam, and local and international economists. The seminar was part of Standard Chartered’s ongoing efforts to support Vietnam’s sustainable development and the country’s business community.