Prime Minister receives Standard Chartered Group Chief Executive in Hanoi
The PM praised the Standard Chartered for supporting Vietnamese ministries and agencies in implementing the Just Energy Transition Partnership (JETP) in Vietnam, as well as for working with the Glasgow Financial Alliance for Net Zero (GFANZ) to help the country achieve its sustainable development goals.
Prime Minister Pham Minh Chinh (R) and Bill Winters, Chief Executive of Standard Chartered in Hanoi on April 2 (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham Minh Chinh met with Bill Winters, Chief Executive of Standard Chartered in Hanoi on April 2 evening, asking the group’s support for Vietnam in establishing international financial centres, obtaining green finance, and developing the private sector.
Expressing gratitude to Standard Chartered for its active role as the sole advisor to the Vietnamese Government since 2012 on improving the nation’s credit rating, the PM praised the bank for supporting Vietnamese ministries and agencies in implementing the Just Energy Transition Partnership (JETP) in Vietnam, as well as for working with the Glasgow Financial Alliance for Net Zero (GFANZ) to help the country achieve its sustainable development goals. Standard Chartered has signed cooperation agreements, providing over 8 billion USD in financing to Vietnamese businesses and partners.
Highlighting that Standard Chartered has been present in Vietnam for over 120 years, the Government leader encouraged the group to continue sharing its experience and consulting on the selection of models and solutions for the development of Vietnamese international financial centres, particularly regarding related institutional frameworks, policies, human resources training, management science, and comprehensive financial ecosystem solutions.
The PM also called for the bank’s increased assistance for Vietnam’s implementation of JETP, provision of green development credit, and business support in projects involving wind energy, green hydrogen, and sustainable trade. Additionally, he suggested Standard Chartered help the country develop its private sector, attract more foreign direct investment (FDI), while assisting Vietnamese companies in both domestic growth and global expansion.
Chinh also asked for the bank’s continued advice for the Vietnamese Government in raising the national credit rating to investment grade and policy reform recommendations for the nation to attract high-quality investment in key sectors like high-tech manufacturing, green agriculture, and clean and renewable energy.
For his part, Winters said he is impressed by Vietnam’s remarkable development as a bright spot in the context of a challenging global landscape.
꧒ Acknowledging the country’s commitments to climate change response and its potential for green and sustainable development, he said that the group is working closely with local authorities to further support Vietnam in green development, particularly in the establishment of international financial centres as suggested by his host./.
Standard Chartered has released its latest macroeconomic updates for Vietnam, forecasting the US dollar will strengthen in 2025 but weaken early in the year.
State President Luong Cuong’s trip once again reaffirmed the Party and State’s foreign policy of independence, self-reliance, diversification and multilateralisation of relations. It also reflected the strong trend of enhanced cooperation among countries of the Global South in shaping a new, more multipolar, fair and equitable world order.
The outcomes of Party General Secretary To Lam's visit will serve as a driving force and source of inspiration for the two countries to inherit, promote, and elevate their Comprehensive Strategic Partnership, contributing to the national construction and development cause in each country, and to peace, cooperation, and development in the region and the world.
Prime Minister Pham Minh Chinh on August 9 inspected the construction site of the new Phong Chau bridge, and surveyed a planned route for the Lao Cai – Hanoi – Hai Phong railway section running through the northern province of Phu Tho.
Across print, broadcast, and online platforms, Angolan media portrayed State President Luong Cuong's visit as a warm and historic occasion, strengthening bilateral ties and boosting Vietnam’s presence in Africa through the AU.
The 500kV Lao Cai – Vinh Yen power transmission line has a total investment of over 7.41 trillion VND (282.5 million USD), and a total length of 229.5 km, passing through 31 communes in the two provinces, and comprising 468 transmission tower foundations.
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
The ASEAN flag-hoisting ceremony is observed by the 10 ASEAN member countries on August 8 every year, aiming to spread and promote the ASEAN identity and affirm the determination to unite and cooperate for the common aspiration of long-term peace and prosperity of Southeast Asian countries under the common roof of the ASEAN Community.
Vice Chairman of the municipal People’s Committee Nguyen Manh Cuong highlighted ASEAN’s nearly six decades of development, during which the region transformed from division to harmony, from confrontation to cooperation, and from poverty to dynamic growth, becoming a global bright spot for regional cooperation.
