Hanoi (VNA)🔜 – Prime Minister Pham Minh Chinh has thanked HSBC Holdings Plc and HSBC Vietnam for their assistance and contributions to the development of the banking - financial industry in particular and the economy of Vietnam in general.

Receiving Group Chairman of the UK-based HSBC Holdings Plc Mark Tucker in Hanoi on August 2, PM Chinh believed that the presence of British banks in Vietnam such as HSBC and Standard Chartered will make positive contributions to fostering friendship and effective cooperation between the two countries. He applauded HSBC Vietnam's efforts in expanding operations and forming strategicpartnerships and collaboration with various Vietnamese State-owned and private businessesand corporations. The government leader noted with pleasure that HSBC Vietnam has been operatingeffectively, actively engaging in dialogues, and working closely with management agencies, thereby contributing positively to the continuous improvementof the banking legal framework in Vietnam. The PM spoke highly of the lender’s proactiveapproach and cooperation in attracting and supporting foreign investors in the process of expanding investment in Vietnam, as well as its engagement in the Vietnamese Government’seconomic development programmes. Particularly, HSBC has taken practical actionsto fulfill its commitments to Vietnam's green and sustainable growth, playing acrucial role in the Working Group supporting capital mobilisation for Vietnam'sJust Energy Transition Partnership. Hailing HSBC’s commitment to allocating up to12 billion USD for Vietnam’s sustainable development by 2030, the PM hoped that HSBC would actively help Vietnam effectively utilise this financialresource, enabling the country to deliver on its climate change commitments andachieve sustainable development goals. The Vietnamese Government expects HSBC tocontinue offering even more active support in arranging and connectinginternational credit sources for energy transition and low-carbon economic development,as well as in digital transformation, especially in banking and the developmentof circular and sharing economy, he said. PM Chinh also called for HSBC’s assistance in sharingexperience in building a contingent of capable credit appraisal officers tofacilitate the process of granting credit to infrastructure, sustainable energytransition and other green projects; and providing essential funding for keysectors that drive Vietnam's green growth in the future. Agreeing with PM Chinh’s proposals, Tuckerpraised Vietnam for choosing green development, including the commitment to net-zeroemissions by 2050. He informed the host about HSBC's globalactivities and strategies, its commitment to important strategies of the Government,businesses, and consumers in Vietnam, and the results of its sustainable andgreen credit programmes in the country. HSBC will continue its long-term business operationsand actively contribute to the Vietnamese market, he said, suggesting thePM direct relevant ministries, agencies and localities to create favourableconditions for and work closely with HSBC to further foster the country's development./.