StanChart partners with clients to explore business opportunities in Vietnam-Hong Kong corridor

Standard Chartered Bank (Hong Kong) Limited has signed memorandums of understanding (MoUs) with three companies to explore business opportunities between Hong Kong and Vietnam in each respective case.

Senior leaders of Kingboard Holdings Limited, Computime Group Limited, and Stavian Group Joint Stock Company signed the MoUs with Mary Huen, CEO, Hong Kong, Standard Chartered in Ho Chi Minh City last week when John Lee, chief executive of the Hong Kong Special Administrative Region, led a business delegation to promote business ties between Hong Kong and ASEAN.

Both Kingboard and Computime are Hong Kong-based corporates. Kingboard is one of the world’s largest laminate manufacturers, while Computime is a technology, brand, and manufacturing company for smart and sustainable living.

The MOUs will capitalize on Standard Chartered Hong Kong’s wide-ranging financial solutions, including financing, treasury services, and sustainable finance advisory, to help the two firms expand business and production lines in Vietnam.

Meanwhile, Stavian Group is a Vietnam-based multinational corporation, operating large-scale industrial manufacturing and commercial activities, most notably chemical and petrochemical production and distribution. Through the MoU, Standard Chartered Hong Kong will help it explore opportunities in the Guangdong-Hong Kong-Macau Greater Bay Area and other markets in China.

“With Standard Chartered’s deep roots in Vietnam for 120 years, we are well-positioned to help foreign businesses and investors to explore this dynamic market as the world continues to look for supply chain diversification,” said Nguyen Thuy Hanh, deputy general director, head of corporate and investment banking, Standard Chartered Vietnam.

“While we are thrilled to welcome Hong Kong businesses to come and invest in the manufacturing capabilities of Vietnam, we are also keen on working with our colleagues in Hong Kong to help our Vietnamese clients ride on Hong Kong’s role as a super-connector to access the multitude of opportunities in mainland China,” Hanh added.

Mary Huen, CEO of Standard Chartered Hong Kong, highlighted that Standard Chartered is the only international bank with a presence in all the 10 ASEAN member countries.

She added that the MoUs with the three companies were meant to ride on the bank’s robust local and cross-border banking services to help them seize the rising opportunities in the Hong Kong-Vietnam corridor.