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Banking & Finance

Standard Chartered Bank marks 115 years in Vietnam

Released at: 14:17, 26/02/2019

Standard Chartered Bank marks 115 years in Vietnam

Photo: Standard Chartered Vietnamn

Bank celebrates long journey of driving commerce and prosperity in Vietnam.

by Hung Cao

The London-based international bank Standard Chartered recently kick-started celebrations of its 115th anniversary in Vietnam.

The key highlight was the Standard Chartered 115th Anniversary Gala Dinner at Independence Palace in Ho Chi Minh City last week. The ceremony was graced by the bank’s clients and partners and hosted by Ms. Judy Hsu, Regional CEO for ASEAN and South Asia (ASA) at Standard Chartered Bank as well as Mr. Nirukt Sapru, the bank’s CEO for Vietnam and ASA Cluster Markets.

Other festivities include the Standard Chartered 10KM Run, which also took place last week at the Phu My Hung Urban Area in Ho Chi Minh City. What made the run even more meaningful was the joint participation of clients and employees.

“We are very proud to be part of Vietnam’s history,” said Ms. Hsu. “Since we first set up our footprint in Vietnam in 1904, Standard Chartered has been committed to the country’s long-term growth and development. Vietnam is an important market for us, and the group will continue to invest in the country.”

“We would like to thank our clients, partners, and staff for their support over the years,” said Mr. Sapru. “We look forward to continuing to build on the trust you placed in us. As the world becomes increasingly digital and connected, we continue to focus on our strengths - a broad international network and deep local roots - to deliver the high standards of service you have come to expect, combined with the latest technologies: a digital bank with a human touch. We have a strong, sustainable business and are ‘Here for Good’ in Vietnam. This equally applies to our work in the community through various programs.”

As one of the oldest international banks in Vietnam, not only does Standard Chartered have in-depth local knowledge, it is also able to help its clients capture opportunities across its international network, making the bank a strong banking partner of Vietnam. It participates in Vietnam’s development process, working with the government, regulators, investors, businesses, and employees to further strengthen Vietnam’s economy, facilitate global and regional trade, grow the banking sector, and provide more people and enterprises with access to financial services.

Standard Chartered has been investing in Vietnam over the last few years. For instance, the bank has injected an additional $50 million in Tier-One Capital to reinforce its operations in the country, expanded its distribution network, and deployed more resources to support business growth.

Standard Chartered also plays an active role in making a difference within the community. Seeing is Believing, the bank’s global initiative to tackle avoidable blindness, has provided eye-screening services to more than 3 million Vietnamese to date, conducted over 47,400 eye surgeries, and presented over 34,600 pairs of spectacles to people in need.

The bank also runs the Goal project to empower adolescent girls with financial education, life skills, and workplace training. The program has benefited over 25,000 young local women since its launch in 2014 and the endeavor will continue in the years to come. Recently, the bank has pursued a new community investment initiative called Futuremakers, as part of an attempt to tackle inequality and promote greater economic inclusion for young people in communities globally, including in Vietnam.

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