On August 18, Standard Chartered Bank Vietnam was recognized as the “Best Foreign SME Bank in Vietnam” in 2023 by Global Business Outlook magazine, reflecting its strong commitment to offering exceptional value and services to small and medium-sized enterprises (SMEs), utilizing its global expertise and robust credit support capabilities in this segment.

Mr. Harmander Mahal, Head of Consumer, Private and Business Banking for Vietnam and Asia Cluster Markets at Standard Chartered Bank, expressed his pride at receiving the award. “We are committed to enhancing our SME banking services with our extensive international network, in-depth knowledge of the market, advanced advisory services, and cutting-edge technology to support our clients’ business growth effectively,” he said.

With a global network and deep local market understanding, Standard Chartered supports both foreign-invested and domestic SMEs engaged in trade and investment with Vietnam. The bank provides cross-border trade financing, foreign exchange services, and top-notch account solutions, positioning Vietnam as an attractive investment hub. Additionally, Standard Chartered assists local SMEs’ growth by offering comprehensive financial solutions under global standards.

Amid Vietnam’s rapidly-evolving financial landscape, Standard Chartered’s investments in people, technology, and digitalization underscore its commitment to delivering seamless and efficient financial experiences. The bank’s partnership with the MISA Corporation introduced innovative unsecured lending solutions for SMEs, streamlining the loan application process and addressing credit accessibility challenges faced by many SMEs due to a lack of collateral.

Prior to this, Standard Chartered was honored as the “Best Retail Bank in Vietnam” and recognized as the “Best Strategic Partnership” in 2023 by Retail Banker International magazine.