Standard Chartered Bank Vietnam has been named the “Best Foreign Bank in Vietnam” in 2022 for the second consecutive year and Best Digital Bank 2022 by Global Business Review.

Prime Minister Pham Minh Chinh received leaders of Standard Chartered in Singapore on February 9 as part of his official visit to the city state.

VOV.VN - The Vietnamese economy will continue to expand vigorously in 2023 on the back of its strong recovery in the previous year, according to Standard Chartered.

Vietnam’s economy has seen strong recovery this year, according to data from the General Statistics Office of Vietnam.

VOV.VN - Prime Minister Pham Minh Minh Chinh requested cabinet members use their vast experience to properly assess the situation and devise appropriate objectives, tasks, and solutions to successfully achieve the set goals by the end of the year.

Standard Chartered Bank has raised its Vietnam GDP growth forecast for 2022 to 7.5% from the previous 6.7% and for 2023 to 7.2% from 7.0% to reflect robust Q3 growth of 13.7% year-on-year. The last quarter 2022 growth is anticipated at 4.0%.

Financial institutions and the world’s top credit rating agencies’ forecasts on Vietnam’s economic growth are completely founded, said Russia’s Sputnik radio.

The Vietnamese Government pledges to create favourable conditions for Standard Chartered Bank to maintain and expand its business operations in the country, Prime Minister Pham Minh Chinh said on September 5.

Vietnam’s economic recovery will be stronger in the second half of 2022, particularly as the country resumed its tourism activities after a two-year closure, according to Standard Chartered’s latest Vietnam report.

Standard Chartered has forecast Vietnam’s GDP growth at 10.8% in the third quarter and 3.9% in the last quarter of 2022, contributing to annual expansion of 6.7%.