Expressing gratitude to Standard Chartered for its active role as the sole advisor to the Vietnamese Government since 2012 on improving the nation’s credit rating, the PM praised the bank for supporting Vietnamese ministries and agencies in implementing the Just Energy Transition Partnership (JETP) in Vietnam, as well as for working with the Glasgow Financial Alliance for Net Zero (GFANZ) to help the country achieve its sustainable development goals. Standard Chartered has signed cooperation agreements, providing over US$8 billion in financing to Vietnamese businesses and partners.

Highlighting that Standard Chartered has been present in Vietnam for over 120 years, the Government leader encouraged the group to continue sharing its experience and consulting on the selection of models and solutions for the development of Vietnamese international financial centres, particularly regarding related institutional frameworks, policies, human resources training, management science, and comprehensive financial ecosystem solutions.

The PM also called for the bank’s increased assistance for Vietnam’s implementation of JETP, provision of green development credit, and business support in projects involving wind energy, green hydrogen, and sustainable trade. Additionally, he suggested Standard Chartered help the country develop its private sector, attract more foreign direct investment (FDI), while assisting Vietnamese companies in both domestic growth and global expansion.

Chinh also asked for the bank’s continued advice for the Vietnamese Government in raising the national credit rating to investment grade and policy reform recommendations for the nation to attract high-quality investment in key sectors like high-tech manufacturing, green agriculture, and clean and renewable energy.

For his part, Winters said he is impressed by Vietnam’s remarkable development as a bright spot in the context of a challenging global landscape.

Acknowledging the country’s commitments to climate change response and its potential for green and sustainable development, he said that the group is working closely with local authorities to further support Vietnam in green development, particularly in the establishment of international financial centres as suggested by his host.

Standard Chartered revises US$-VND forecast amid economic shifts

VOV.VN - Standard Chartered Bank has adjusted its US$-VND exchange rate forecast to reflect shifts in global and regional economic conditions, according to the bank’s latest macroeconomic update on Vietnam.