Proposing Standard Chartered to consult on suitable models and solutions for developing an international financial center

Prime Minister Pham Minh Chinh receives Mr. Bill Winters, CEO of Standard Chartered Group - Photo: VGP/Nhat Bac

Prime Minister Pham Minh Chinh thanked Standard Chartered for being proactive and active in its role as a consultant to the Vietnamese Government on upgrading the country's national credit rating since 2012.

The Prime Minister welcomed Standard Chartered for supporting relevant ministries and agencies of Vietnam in implementing the Just Energy Transition Partnership (JETP) in Vietnam and coordinating with the Glasgow Finance Alliance for Net Zero (GFANZ) to help Vietnam achieve sustainable development goals; signing cooperation agreements and providing finance worth more than 8 billion USD with Vietnamese enterprises and partners.

The Prime Minister said that 2025 is the year Vietnam will "accelerate, break through, and reach the finish line"; set a GDP growth target of at least 8% and strive for double digits in the following years. To achieve this goal, along with many other tasks and solutions, Vietnam has identified developing an international financial center in Vietnam and responding to climate change and sustainable development as one of the top priorities.

Emphasizing that Standard Chartered has been present in Vietnam for more than 120 years, with a vision for the next 100 years, the Prime Minister suggested that the Group continue to actively share experiences and consult on selecting appropriate models and solutions to develop an international financial center in Vietnam, especially consulting on institutions, policies, human resource training, management science and solutions to develop a comprehensive financial ecosystem.

At the same time, Standard Chartered will increase support for Vietnam in implementing JETP, providing credit for green development, supporting businesses in implementing projects on wind power development, green hydrogen, sustainable trade, etc.; supporting the development of Vietnam's private economic sector; promoting FDI into Vietnam and supporting Vietnamese companies to develop domestically and expand globally; continuing to advise the Vietnamese Government on the roadmap to upgrade the national credit rating to investment grade; at the same time, proposing policy reform measures to attract high-quality investment in Vietnam, focusing on areas such as high-tech manufacturing, green agriculture, clean and renewable energy.

The Prime Minister asked Standard Chartered to continue actively sharing experiences and consulting on choosing appropriate models and solutions to develop an international financial center in Vietnam - Photo: VGP/Nhat Bac

Thanking the Prime Minister for taking the time to receive the delegation, the General Director of Standard Chartered Group congratulated and expressed his impression of Vietnam's remarkable development as a bright spot in the context of many difficulties and challenges in the world.

Assessing Vietnam's commitments to responding to climate change, as well as its development potential, especially Vietnam's green and sustainable development strategy, Mr. Bill Winters said that the Group is and will closely coordinate with Vietnamese agencies to accompany Vietnam in green development, especially supporting the construction of international financial centers in Vietnam as Prime Minister Pham Minh Chinh has commented.

Standard Chartered is a leading international banking group, with a presence in 53 dynamic markets around the world and serving clients in 83 markets.

Source: https://thoibaonganhang.vn/de-nghi-standard-chartered-tham-van-mo-hinh-giai-phap-phu-hop-phat-trien-trung-tam-tai-chinh-quoc-te-162185.html