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Sep 06, 2022 / 13:46

Prime Minister wants more assistance in green growth from Standard Chartered Bank

PM Pham Minh Chinh hopes Standard Chartered Bank will help Vietnam increase its access to green funding on the country’s pursuit of green growth in the future.

Prime Minister Pham Minh Chinh recommended Standard Chartered Bank assist Vietnam in the country's digital transformation, green growth, and energy transition at a meeting with the bank’s CEO Bill Winters on September 5.

 Prime Minister Pham Minh Chinh and Standard Chartered Bank’s CEO Bill Winters. Source: VGP

The PM said he hoped the bank would provide preferential loans for Vietnamese businesses and foreign-invested enterprises and develop regulatory standards related to the strategic development of digital infrastructures, green infrastructures, and other key facilities.

One of Vietnam’s top priorities is to attract green finance and resources to create the momentum for sustainable development, especially green growth, digital transformation, and energy transition, the PM said.

The country also wants to strengthen its relations with its partners, international financial institutions and global financial firms, including Standard Chartered Bank, PM Chinh added.

He hoped Standard Chartered Bank would continue to help the Vietnamese Government draw up its economic policies on key issues such as macroeconomic stability, inflation control and keeping growth momentum to boost the country’s socio-economic growth in 2023 and years to come.

The PM expressed his gratitude and spoke highly of the efforts made by foreign enterprises and organizations, including Standard Chartered Bank, to support Vietnam to fight the pandemic and stabilize and boost the country’s socio-economic development.

PM Chinh hoped that Standard Chartered Bank would attain more success in both international and Vietnamese markets, and pledged that the Vietnamese Government will facilitate the bank to secure and expand its activities in the country.

In response, Standard Chartered Bank’s CEO Bill Winters said Vietnam has immense potential for growth in the future as the country has made remarkable changes in recent years, especially when it has successfully secured its dual goals of socio-economic growth and pandemic prevention.

Vietnam is one of the most important markets for Standard Chartered Bank in the Asia-Pacific region, Bill said, adding the bank will step up its support for Vietnam to lure green funding and promote green growth in compliance with agreements made at the 26th UN Climate Change Conference (COP26).

Standard Chartered would also enhance its consultancy to the Government and local partners on economic and development issues as well as areas of mutual interest, he emphasized.