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Standard Chartered in Vietnam and
Mekong-subregion:
Our first branch opened in 1904 and after withdrawing from Vietnam during the 1970s, Standard Chartered returned in 1990 to open a representative office in Ho Chi Minh City. In June 1994 SCB became the first British bank to receive a full banking license in Vietnam and opened the branch in Hanoi, the country¡M capital. With the opening of our branch in Cambodia, February 1999, and upgrading our Representative Office in Laos to full branch, would allow Standard Chartered Bank to offer our global and local customers greater access to the opportunities in the Mekong Sub-region.
SCB Vietnam focus is wholesale commercial banking service for our multi-national companies operating in 100% FOE, in joint ventures and Vietnamese import-export companies in various industries. We are proud to be the banking partner of many foreign investors in network, early establishment in local market and reliable contact with local experts, we have been working closely with our customers to meet their financial needs. For our endeavour, we were voted The Best Foreign Bank in Vietnam in 1997 by EuroMoney magazine.
Standard Chartered Treasury in Vietnam:
Standard Chartered Treasury Vietnam has the largest team of all foreign banks in Vietnam and is perceived as being the market leader. The dealing room and back office operations are based in Hanoi while there is a sales and marketing team based in HCMC. Along with this local presence, Standard Chartered Bank franchise has established itself as a recognised
leader globally in the Treasury area, primarily in the trading and distribution of Asian currencies and interest rate management tools.
With a team of young, dynamic and well-trained staff, we commit ourselves to the business development of our customers.
We have been working with our customers as partners, understanding their business and providing needed solutions.
The combination of expertise from experienced expatriates and good local business, legal and culture environment understanding from local staff has been one of our strengths in Vietnam. Because of that, we are capable of structuring strategies or producing solutions for companies to overcome challenges and better manage risks.
We continue to strive to be the treasury market leader in Vietnam by delivering tailored solutions to our customers through superior service, teamwork and shared values.
Client solutions and tailor made
products
- Protection against adverse market movements:
- Foreign exchange: currency mismatch, economic exposure.
- Interest rate: Funding, enhanced yield deposits, interest rate hedging.
- Market commentary and view. Assist customer in economic research and forecasts. Structured products to suit customers' requirements and risk appetite.
Service Provided
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Foreign Exchange
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Spot and forward: most active in local currency (VND) and major
currencies, regional currencies and other currencies traded in
international currency market |
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Asset & Liability Management: Short term
loan/deposits, currency linked deposits. |
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Economic research and Analysis: on regular
basis both in Vietnamese and English. |
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Customer structured products: On-shore NDF,
synthetic FRAs... |
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Seminars and assistance in training customer's staff on
foreign exchange and money markets |
In total Standard Chartered offers services
for clients in over 80 currencies. The products available depend on
the regulatory requirements specific to each currency.
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Copyright ©2008