Standard Chartered named “Best Foreign SME Bank in Vietnam 2024”

This prestigious recognition has been awarded by Global Business Outlook and serves to reaffirm the bank’s strong commitment to empowering small and medium enterprise (SMEs) clients across the nation, with innovative banking services and tailored financial solutions.

With its extensive global capabilities and deep local expertise, Standard Chartered has been enabling investment and trade flows of FDI SMEs into the Vietnamese market, providing best-in-class cross-border trade, FX, and account services, thereby bridging Vietnam as an attractive investment destination with other Asian and global hubs.

The bank actively engages in initiatives which aim to support the broader growth and development of SMEs in Vietnam by providing access to global-standard financing, from working capital to term loans with flexible collateral options in line with customers’ needs, to leveraging technology to provide SMEs clients with seamless banking experiences.

To lift participation among women-led SMEs, Standard Chartered Vietnam recently signed a strategic co-operation with HAWEE - HCMC Association of Women Executives and Entrepreneurs to offer our SC WIN (Standard Chartered – Women’s International Network) programme, supporting women entrepreneurs to achieve their goals locally and globally.

The institution is also looking to deliver its reputable digital invoice financing solution, with this being enhanced to meet with the needs of women-led SMEs as part of SC WIN, to support women-led SMEs access to financing at ease.

Harmander Mahal, head of Wealth and Retail Banking of Standard Chartered Bank Vietnam, said, “We are honoured to receive this prestigious award for the second year in a row and want to thank our clients and the Standard Chartered team for the trust in our organisation.”

“This recognition is a testament to our continuous efforts to meet the evolving needs of SMEs in Vietnam. Our commitment to innovation, advanced advisory services, and the success of our SME clients remains at the core of our business strategy. We look forward to continuing our partnership with SMEs across Vietnam, helping them achieve their business goals and contribute to the country’s economic growth,” he added.

Standard Chartered was also awarded “Best Retail Bank in Vietnam” in 2024 by Retail Banker International and “Best Foreign Bank in Vietnam” and “Best Digital Bank” in 2023 by Global Business Review.