Vietnam’s economy to grow 6.1% in Q1: Standard Chartered

Vietnam’s economy to grow 6.1% in Q1: Standard Chartered

Vietnam’s GDP is expected to expand 6.1% year-on-year in the first quarter of 2024, much higher than a 3.32% growth rate in Q1/2023 but lower than the 6.72% posted in Q4/2023, according to Standard Chartered Bank.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Standard Chartered, IATA partner to launch IATA Pay in Vietnam

Standard Chartered, IATA partner to launch IATA Pay in Vietnam

Standard Chartered, in collaboration with the International Air Transport Association (IATA), has launched IATA Pay in Vietnam, bringing payment innovation to the Vietnamese airline industry.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam 2024 GDP seen growing 6.7%: Standard Chartered

Vietnam 2024 GDP seen growing 6.7%: Standard Chartered

Vietnam’s GDP growth is forecast to accelerate to 6.7% in 2024, 6.2% in the first half and 6.9% in the second half, Standard Chartered Bank says in its newly-released global research report.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Fitch upgrades ratings of 7 banks in Vietnam, including StanChart, HSBC, ANZ

Fitch upgrades ratings of 7 banks in Vietnam, including StanChart, HSBC, ANZ

Fitch Ratings has upgraded the long-term foreign-currency issuer default rating (IDR) of six banks in Vietnam to ‘BB+,’ one to ‘BB,’ and one unchanged at ‘BB-,’ the rating agency announced Wednesday.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japan financial group MUFG to help VietinBank arrange $1 bln for sustainability initiatives

Japan financial group MUFG to help VietinBank arrange $1 bln for sustainability initiatives

Mitsubishi UFJ Financial Group (MUFG), among the biggest banking institutions in Japan, will help state-run VietinBank arrange $1 billion in capital for sustainable growth and environmental, social, and corporate governance (ESG) initiatives in Vietnam.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Shinhan Bank, Public Bank the only 2 foreign banks offering above 5% interest rates

Shinhan Bank, Public Bank the only 2 foreign banks offering above 5% interest rates

South Korea-invested Shinhan Bank and Malaysia-invested Public Bank are the only two foreign commercial banks in Vietnam offering more than 5% interest for 12-month deposits, at 5.3% and 5.6% respectively.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Fitch affirms Standard Chartered Vietnam 'BB' rating, outlook positive

Fitch affirms Standard Chartered Vietnam 'BB' rating, outlook positive

Fitch Ratings has affirmed Standard Chartered Bank Vietnam a long-term foreign currency issuer default rating (IDR) at 'BB' and its long-term local currency IDR at 'BBB-' while the outlook is positive.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deposit interest rates below 7% at foreign banks in Vietnam

Deposit interest rates below 7% at foreign banks in Vietnam

While Vietnamese commercial banks reduced their deposit interest rates to below 8% recently, the rates were already lower at foreign counterparts in the country at below 7%.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam economy forecast to grow 7% in H2, after 3.7% in H1

Vietnam economy forecast to grow 7% in H2, after 3.7% in H1

The Vietnamese economy is expected to expand by 7% year-on-year in the last six months of this year, much stronger than the first half’s 3.72%, Standard Chartered Bank forecast.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam economy likely to rebound in H2: Standard Chartered

Vietnam economy likely to rebound in H2: Standard Chartered

Vietnam’s slowing economy is expected to recover in the second half of this year, Standard Chartered Bank said in its latest report.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Standard Chartered Vietnam secures Global Custodian award

Standard Chartered Vietnam secures Global Custodian award

Standard Chartered Bank (Vietnam) has obtained the Consistent Excellence award at the Global Custodian Leaders in Custody Awards 2023.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam exports to grow an annual 7% until 2030: Standard Chartered

Vietnam exports to grow an annual 7% until 2030: Standard Chartered

Vietnam’s exports of goods could reach $618 billion by 2030, registering an annual growth rate of 7%, Standard Chartered said in a report on Wednesday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Steelmaker Tung Ho Vietnam secures $25 mln finance from Standard Chartered

Steelmaker Tung Ho Vietnam secures $25 mln finance from Standard Chartered

Standard Chartered Vietnam announced Friday the signing of a transition trade finance facility sized at $25 million to support Tung Ho Steel Vietnam Corp.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deposit interest rates at foreign banks slightly reduced 

Deposit interest rates at foreign banks slightly reduced 

Amid the deposit interest rate reduction among Vietnamese banks, the rates at foreign banks in Vietnam have slightly decreased in line with the trend.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Standard Chartered, accounting software firm Misa join hands to finance SMEs

Standard Chartered, accounting software firm Misa join hands to finance SMEs

Standard Chartered Vietnam and MISA JSC, the provider of accounting software Misa, launched a strategic partnership on Friday to offer unsecured invoice financing facilities to small- and medium-sized enterprises (SMEs) in Vietnam.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

The significance of Vietnam for US businesses, why they should take notice

The significance of Vietnam for US businesses, why they should take notice

Steven Cranwell, CEO and regional head, client coverage, in the Americas of Standard Chartered, explains why companies and investors should watch opportunities offered by Vietnam.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Singapore fintech startup TASConnect expands to Vietnam

Singapore fintech startup TASConnect expands to Vietnam

TASConnect, a supply chain fintech platform incubated through Standard Chartered’s SC Ventures, has been present in Vietnam’s underserved supply chain finance market, forecasted to reach $35 billion by the end of next year.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Standard Chartered sees further investment potential in 'green' Vietnam

Standard Chartered sees further investment potential in 'green' Vietnam

Leading global bank Standard Chartered sees Vietnam as a significant market to invest in and this long-term investment aligns with its business commitments and strategies. Standard Chartered Bank Vietnam CEO Michele Wee talks with The Investor.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Olea enters Vietnam market with trade finance solutions

Olea enters Vietnam market with trade finance solutions

Olea, a joint venture between Standard Chartered Bank and supply chain finance provider Linklogis, has made its foray into the Vietnamese market to offer trade finance solutions to businesses and banks engaged in international trade.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam touted as favorite destination by Singapore investors

Vietnam touted as favorite destination by Singapore investors

Singaporean companies consider Vietnam a preferred investment destination and rising star in Southeast Asia, heard the Vietnam-Singapore Business Forum in the island state on Friday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam PM meets with Standard Chartered executives in Singapore

Vietnam PM meets with Standard Chartered executives in Singapore

Prime Minister Pham Minh Chinh called for soft loans from Standard Chartered for green and renewable energy projects in Vietnam while meeting with leaders of the British bank in Singapore on Thursday.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

International organizations upbeat over Vietnam’s 2023 growth

International organizations upbeat over Vietnam’s 2023 growth

Vietnam’s economy would continue outperforming its Southeast Asian peers this year amid headwinds worldwide, according to international organizations.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam growth likely to reach 6.83% this year: economic institute

Vietnam growth likely to reach 6.83% this year: economic institute

The Vietnamese economy is expected to expand by 6.83% at the most in 2023, a little higher than the National Assembly target of 6.5%, the Central Institute for Economic Management (CIEM) forecast Thursday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam 2023 economy to grow 7.2%: Standard Chartered

Vietnam 2023 economy to grow 7.2%: Standard Chartered

Standard Chartered Bank put its Vietnam GDP growth prediction at 7.2% for 2023 and 6.7% for 2024, following 8.02% in 2022.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deposit interest rates at foreign banks lower than Vietnamese peers

Deposit interest rates at foreign banks lower than Vietnamese peers

Deposit interest rates at many foreign banks and branches in Vietnam are below 9.5%, the level that Vietnamese banks have adopted only recently after the State Bank of Vietnam's warning over lending rate hikes.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam production potential drives corporate expansion plans: Standard Chartered

Vietnam production potential drives corporate expansion plans: Standard Chartered

Up to 58% of business leaders in a Standard Chartered survey have existing and future plans to expand sales presence in Vietnam, the global bank said Thursday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese stocks 'good to buy now'

Vietnamese stocks 'good to buy now'

Vietnam’s benchmark VN-Index has dropped by almost 30% so far this year but its stocks, with cheap valuations, remain attractive, according to foreign and domestic investment firms.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Standard Chartered raises Vietnam GDP growth forecast to 7.5%

Standard Chartered raises Vietnam GDP growth forecast to 7.5%

Standard Chartered Bank has revised up its Vietnam GDP growth forecast for this year to 7.5% from the previous 6.7%, and to 7.2% for next year from 7%, following the country's robust Q3 growth of 13.7% year-on-year.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Investor interest heats up Vietnam’s education sector

Investor interest heats up Vietnam’s education sector

Vietnam’s education sector has been bustling of late with various foreign investors, agencies and schools striking cooperation pacts as well as deals to open new, private school campuses.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Standard Chartered Bank to support Vietnam with green financing

Standard Chartered Bank to support Vietnam with green financing

Standard Chartered Bank Vietnam has inked a memorandum of understanding with Vietnam’s Ministry of Natural Resources and Environment to assist with the country’s green financing and efforts to combat climate change.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Masan Group eyes at least $600 mln offshore loans

Masan Group eyes at least $600 mln offshore loans

Masan, one of Vietnam’s largest listed conglomerates by market capitalization, aims to acquire offshore loans of up to $600 million via a trade facility.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam on course for strong recovery: Standard Chartered

Vietnam on course for strong recovery: Standard Chartered

Standard Chartered Bank has put its GDP growth forecast for Vietnam this year at 6.7% and 7.0% for 2023.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Techcombank concludes $1 billion syndicated loan

Techcombank concludes $1 billion syndicated loan

Techcombank has concluded a landmark $1 billion syndicated loan facility as the largest-ever medium and long-term syndicated loan for a Vietnamese financial institution.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam inflation to top 4%: Standard Chartered

Vietnam inflation to top 4%: Standard Chartered

Standard Chartered Bank expected Vietnam’s inflation this year at 4.2%, higher than the central bank’s prediction of less than 4%.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7