Standard Chartered signs four MoUs in Việt Nam to strengthen Hong Kong-ASEAN ties

Standard Chartered signs four MoUs in Việt Nam to strengthen Hong Kong-ASEAN ties

Building on the positive momentum from previous engagement and delegation opportunities, this marks the second year that Standard Chartered has signed MoUs with both Việt Nam and Hong Kong-based corporates to promote the business ties between Hong Kong and Việt Nam.

The signing ceremony held in Hà Nội on Wednesday. —Photo courtesy of the bank

Standard Chartered on Wednesday announced that it has successfully signed Memorandums of Understanding with Crown Worldwide Limited, Lee Kee Holdings Limited, Q P Enterprise (Vietnam) Company Limited and Tessellation Group respectively in Hà Nội to deepen cooperation across relevant business opportunities with a shared vision to foster Hong Kong-Việt Nam corridor business.

Building on the positive momentum from previous engagement and delegation opportunities, this marks the second year that Standard Chartered has signed MoUs with both Việt Nam and Hong Kong-based corporates to promote the business ties between Hong Kong and Việt Nam. The MoUs were signed by Mary Huen, CEO, Hong Kong and Greater China & North Asia, Standard Chartered; Aaron Chan, Chief Financial Officer, Việt Nam, Standard Chartered; and the senior leaders of the four corporates during a business luncheon in Hà Nội.

Mary Huen, CEO, Hong Kong and Greater China and North Asia, Standard Chartered, said: “As the only international bank with presence in all 10 ASEAN member countries, Standard Chartered is delighted to have signed MOUs with four more clients – Crown, Lee Kee Group, Q P Enterprise and Tessellation in Việt Nam this year, demonstrating our cross-border capabilities that we are well positioned to leverage our role as a connector bank to facilitate the growth in this trade corridor and strengthen Hong Kong-ASEAN ties.

"With the shift of global supply chains, Việt Nam is growing its importance as one of the key manufacturing hubs and attracting foreign investments. Taking advantage of Hong Kong as a platform to support enterprises to ‘go global’, we are excited to explore the opportunities with our clients while supporting their overseas expansion needs with our wide-ranging financial solutions.”

The four corporates are industry leaders across logistics, metals sourcing and distribution, paper product manufacturing and printing and textile and apparel sectors. The MoUs will capitalise on Standard Chartered’s comprehensive financial solutions including cash management, financing, treasury services and sustainable finance advisory, to continuously explore other avenues of cooperation to support the four corporates’ business development in the Hong Kong-Việt Nam corridor.

Nguyễn Thúy Hạnh, CEO, Standard Chartered Vietnam, said: “With over 120-year history in Việt Nam, we are proud to connect our local corporate clients to the world’s most dynamic markets through our global network. We are committed to supporting the growth ambitions of our clients by combining our international expertise with deep local insights. As Việt Nam continues to grow, we remain dedicated to contributing to the country’s sustainable growth and fostering stronger cross-border trade and investment opportunities.”

The collaboration model across the ASEAN is already bearing fruit – one of the corporates that entered into MOU with Standard Chartered in Việt Nam in 2024, has been supported by the bank in various ways, including the completion of its sustainability-linked syndicated loan denominated in HKD in June this year, and preparation of its overseas expansion plan in Việt Nam. 

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