Vietnam

Standard Chartered on Capitalising on Investment Opportunities in Vietnam Post-Covid-19

Standard Chartered Bank offered a deep dive look into the opportunities available in Vietnam, drawing insights from senior figures from across an array of organisation operating in the region and beyond.

Nguyen Chi Dung, Minister of Planning and Investment, and Le Minh Hung, Governor of State Bank of Vietnam, joined a webinar hosted by the Bank discussing strategies to capitalise on Vietnam’s investment opportunities post-Covid-19, the firm said in a press release.

Nirukt Sapru, CEO, Vietnam ASEAN & South Asia Cluster Markets, Standard Chartered Bank, said: “Given its strong fundamentals of a young, dynamic and tech-savvy population, a growing domestic market, a rising middle class and an open economy, Vietnam continues to offer exciting investment opportunities. Many start-ups and multinational corporations have set up their operations in Vietnam to leverage its strategic connectivity and proximity to Asian economies as a gateway to grow their business. While Covid-19 is likely here to stay for a while, it should not prevent us from exploring the new opportunities that Vietnam can offer and attempt new strategies to build and sustain growth in the country.”

The webinar was part of the Standard Chartered ASEAN Series, the firm reported in a press release, and was officiated by Nguyen Xuan Phuc, the Prime Minister of Vietnam.

In Vietnam, Standard Chartered’s history can be traced back to 1904 when the Bank opened its first branch in Ho Chi Minh City. The Bank reports that it believes in the long-term prospect of Vietnam and are fully committed to the Vietnamese market and its clients in the region since it re-entered the market in 1990.

In Q3 2009, the Bank commenced operations in its locally incorporated entity, Standard Chartered Bank (Vietnam) Limited, which the Bank reports as an important milestone of Standard Chartered’s development in Vietnam.