On June 28, 2024, at the headquarters of the State Bank of Vietnam (SBV), Deputy Governor Pham Thanh Ha had a meeting with Mr. Joe Vinals, Group Chairman of Standard Chartered PLC.
Sharing about the SBV’s management, Deputy Governor Pham Thanh Ha said that the SBV has been continuing to manage the monetary policy in a proactive, flexible, timely and effective manner, in close coordination with the fiscal policy and other macro-economic policies, contributing to supporting the economic growth, maintaining the macro-economic stability, controlling the inflation, maintaining the stability of the money and the forex markets, and ensuring safe and sound banking operations.
Deputy Governor Pham Thanh Ha speaks at the meeting
Moreover, exchanging about the promotion of the green economy and green finance towards the goal of net zero emissions, the SBV Deputy Governor expressed his hope that Standard Chartered would continue to promote its active role in the Glasgow Financial Alliance for Net Zero (GFANZ) under the auspices of the cooperation agreement in the Just Energy Transition Partnership (JETP), within the resource mobilization plan for Vietnam, in order to support the green growth and the sustainable development in Vietnam.
For his part, Mr. Joe Vinals, Group Chairman of Standard Chartered PLC., congratulated the SBV on the successes that the Government and the SBV had obtained in the monetary policy management, contributing to maintaining the stability of Vietnam’s macro-economy. In addition, Mr. Joe Vinals also shared about Standard Chartered’s cooperative activities and its support for Vietnam to improve the national ratings and to promote the sustainable development, as well as orientations, objectives and the development strategy of Standard Chartered in Vietnam.
Mr. Joe Vinals, Group Chairman of Standard Chartered PLC., speaks at the meeting
Sharing about the experience in the application of digital technologies to financial sector at Standard Chartered, Mr. Joe Vinals acknowledged the high speed in the digital transformation of Vietnam’s banking sector. He said that, over the past years, Standard Chartered has spent a lot of resources developing a robust cyber security system, protecting its customers’ data. Therefore, he expressed his wishes to further cooperate with and support Vietnam in improving the cyber security capabilities and accelerating the digital transformation.
Toward the end of the meeting, the SBV Deputy Governor expressed his beliefs that Standard Chartered, with its strong commitments to Vietnam’s market, would continue to strengthen its investment and business activities, promote its role in promoting the competition in the market, encourage the application of modern governance standards in Vietnam’s banking sector.
Le Hang