[NEWS] - Standard Chartered: The prospect of the banking industry in Vietnam is terrific

With an increasingly important role in international trade and global supply chains as well as its position as a manufacturing hub, Vietnam has a lot of potential for development and offers many attractive business opportunities in both domestic and foreign.

This is the comment of Mr. Patrick Lee, Regional Director in charge of Singapore and ASEAN markets, Chairman of the Member Council of Standard Chartered Vietnam at the opening ceremony of the new headquarters in Hanoi.

Mr. Patrick Lee said that, after 19 years of doing business in Vietnam, Standard Chartered understands the market very well. Accordingly, Vietnam is a dynamic market and plays an important role in Standard Chartered’s global network. The opening of a new head office in Hanoi partly clearly shows this statement.

“We believe that Vietnam will have a new position in ASEAN as it is a market with great potential with stable and good economic growth in the past and coming years. In addition, the prospect of the banking industry in Vietnam is very good,” said Mr. Patrick Lee.

Even though it is also facing many common challenges of the global economy, Mr. Patrick Lee said that, if looking at its position in ASEAN, Vietnam can fully benefit from these challenges.

Specifically, when foreign enterprises diversify their production supply, Standard Chartered leaders believe that Vietnam will benefit greatly from this wave. In addition, with a stable political environment and infrastructure being developed, FDI inflows into Vietnam will continue to increase in the coming years.

“Vietnam also has a demographic advantage with a young population, increasing income and consumption demand. These are positive factors for the banking industry in Vietnam,” commented Mr. Patrick Lee.

And Ms. Michele Wee, General Director of Standard Chartered Vietnam shared, Vietnam is a shining star in the international arena. This driving force mainly comes from the role of the Government in maintaining stable growth. Besides, Vietnam has a natural dynamic, if it can maintain this dynamic, the impact of international factors. will be slower and will only appear in mid-2023.

“With an increasingly important role in international trade and global supply chains, as well as as a manufacturing hub, Vietnam has a lot of potential for development and offers many business opportunities. interesting. We have been and will continue to invest more resources to better serve our customers and seize the opportunities that the market brings,” said Ms. Michele Wee, General Director of Standard Chartered Vietnam.

Through the above information, it can be seen that Vietnam is becoming a production center, a country with great potential for development. Seizing this opportunity, Indochina Holdings provides Vietnamese enterprises with consulting services on finance and capital. With a team of experienced professionals, we bring accurate information and optimal solutions from our financial partners such as Vietcombank, HD Bank... for your business to operate and control in the best way.

Cao Duy