Standard Chartered named Best Foreign Bank in Vietnam and Best Digital Bank in 2022

Standard Chartered Bank Vietnam has been named “Best Foreign Bank in Vietnam in 2022” for the second consecutive year and “Best Digital Bank 2022” by Global Business Review.

“Vietnam, with its bright outlook in the medium and long term, is a key growth market for Standard Chartered,” said Ms. Michele Wee, CEO of Standard Chartered Vietnam. “The country has an abundance of opportunities to thrive, and we are fully committed to supporting its sustainable growth through a robust and sound long-term strategy. Our desire to be a catalyst for socio-economic development sits at the heart of our business strategy and is reflected in our brand promise, to be ‘Here for good’.”

Standard Chartered continues strengthening its capabilities and investing in employees and resources in Vietnam to meet the evolving needs of clients with cutting-edge technology, digitalization, and innovation in the provision of banking services.

Being the “Best Retail Bank” and “Best Mortgage Offering” in Vietnam in 2022 at the Retail Banker International (RBI) Asia-Pacific (APAC) Trailblazer Awards 2022, Standard Chartered Bank was one of the first to launch a series of sustainable products such as green mortgage loans and carbon neutral debit and credit cards.

These are part of a series of green products that have been launched and will be launched by the bank to encourage clients to adopt a sustainable lifestyle. Green mortgage loan criteria includes international standards such as LEED, BEAM Plus, BREEM, IFC EDGE, Green Mark, Green Star, Three Star System, and G-Seed. Clients opting for projects that meet these standards are entitled to preferential green mortgage terms such as lower interest rates and waived valuation or insurance fees and servicing fees, etc.

The bank was also recently named “Best Foreign Retail Bank in Vietnam 2022” by International Finance Magazine for the third consecutive year.

Its CCIB business continues to support local companies to drive commerce and prosperity and expand internationally. As of June 30, 2022, Standard Chartered Vietnam reported outstanding sustainable finance exposures of $52 million supporting renewable energy assets, which has led to over 40 tons of carbon dioxide being saved over the last year, and $51 million supporting the financing of small and medium-sized enterprises (SMEs).

Standard Chartered Vietnam and its global network also partner with local banks to finance equipment at renewable energy projects and it continues to be a strong supporter of Vietnam’s energy transition ambitions.