Michele Wee, CEO of Standard Chartered Bank Vietnam addresses at the forum (Photo: Vietnam+) Hanoi (VNA) - Standard Chartered Bank Vietnam on Nov. 8 hosted its inaugural Treasury Leadership Forum in Việt Nam, focusing on digital trends in Việt Nam and the ASEAN region that have a significant impact on treasury management.
The main objective of the event was to facilitate the exchange of digital trends within Vietnam and the Association of Southeast Asian Nations (ASEAN), enabling capital managers to adopt innovative and sustainable business models.
The forum, themed “The Blueprint for Tomorrow’s Treasury”, brought together treasury professionals from various industries, thought leaders and financial experts to discuss, network, and exchange ideas on the evolution of treasury.
The event was aimed at exploring how digital transformation and technological advancements are enabling treasurers to embrace new and sustainable business models for the future.
It also featured digital booths introduced by Standard Chartered, offering interactive product demonstrations and opportunities for participants to engage with the bank’s digital solutions.
Michele Wee, CEO of Standard Chartered Bank Vietnam, highlighted how the forum offers a unique platform for experts and business managers to connect and share ideas, particularly in the ever-changing economic landscape. She also emphasized the significance of liquidity in business operations.
Michele Wee said, “We are proud to host this event for the first time in Việt Nam, showcasing our commitment to promoting excellence in the financial sector, driving innovation in treasury practices, and supporting the Vietnamese Government’s initiatives for national development. Sustainability and technology are among Standard Chartered’s strategic priorities, and these are aligned with the Vietnamese Government’s focus on sustainability with their commitment to achieving Net Zero by 2050, and digital transformation with the National Digital Transformation programme by 2025 with a vision to 2030.”
Emily Hamblin, the British Consul General in HCM City, said, “Today’s event is an excellent example of how the UK and Việt Nam are working together to build for the future. Digital transformation is redefining how companies operate. Standard Chartered is ensuring that more companies can capitalise on these advances in technology, which will also empower them to more successfully integrate sustainability into their business models.”
Participants discuss at the event (Photo: Vietnam+) At the event, Sylvester Kinuthia from Standard Chartered Bank Vietnam highlighted how digital transformation is shaping the future of cash management trends in Vietnam and ASEAN, focusing on the three payment methods of cash, e-wallet, QR code.
He also underlined the increasing adoption of API Banking in real-time capital management, rapid development of B2B e-commerce business models/marketplaces and digitization of supply chain finance. This highlights the growth opportunities that these trends bring as well as the impacts that have been affecting capital management.
At the panel discussion with industry leaders on improving business liquidity through digitization of cash management processes, panelists provided well-rounded perspectives on implementing strategies and leveraging digital tools to optimize cash management processes, cash flow forecasting, centralized treasury management, and automated payment processes. These strategies help boost business liquidity and provide greater financial stability, enabling businesses to respond effectively to opportunities and challenges.
Standard Chartered Bank Vietnam was awarded Best Overall Bank for Cash Management in Global Finance’s Best Treasury and Cash Management Award 2023 and Best Payments and Collections Solution in The Asset Treasurise Awards 2023./.
