The bank has inked MOUs with four corporates - Crown Worldwide Limited, Lee Kee Holdings Limited, Q P Enterprise (Vietnam) Company Limited, and Tessellation Group.

Building on the positive momentum from previous engagement and delegation opportunities, this marks the second year that Standard Chartered has signed MOUs with both Vietnam and Hong Kong-based corporates to promote the business ties between Hong Kong and Vietnam.

The MOUs were signed by Mary Huen, CEO, Hong Kong and Greater China & North Asia, Standard Chartered, and Aaron Chan, Chief Financial Officer, Vietnam, Standard Chartered, and the senior leaders of the four corporates during a recent business luncheon in Hanoi.

“As the only international bank with presence in all 10 ASEAN member countries, Standard Chartered is delighted to have signed MOUs with four more clients – Crown, Lee Kee Group, Q P Enterprise and Tessellation in Vietnam this year, demonstrating our cross-border capabilities that we are well positioned to leverage our role as a connector bank to facilitate the growth in this trade corridor and strengthen Hong Kong-ASEAN ties,” said CEO Mary Huen.

With the shift of global supply chains, Vietnam is growing its importance as one of the key manufacturing hubs and attracting foreign investments.

“Taking advantage of Hong Kong as a platform to support enterprises to ‘go global’, we are excited to explore the opportunities with our clients while supporting their overseas expansion needs with our wide-ranging financial solutions”, she stressed.

The four corporates are industry leaders across logistics, metals sourcing and distribution, paper product manufacturing and printing and textile and apparel sectors. The MOUs will capitalise on Standard Chartered’s comprehensive financial solutions including cash management, financing, treasury services and sustainable finance advisory, to continuously explore other avenues of cooperation to support the four corporates’ business development in the Hong Kong-Vietnam corridor.

“With over 120-year history in Vietnam, we are proud to connect our local corporate clients to the world’s most dynamic markets through our global network. We are committed to supporting the growth ambitions of our clients by combining our international expertise with deep local insights,” said Nguyen Thuy Hanh, CEO, Standard Chartered Vietnam.

“As Vietnam continues to grow, we remain dedicated to contributing to the country’s sustainable growth and fostering stronger cross-border trade and investment opportunities”, she noted.

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