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Prime Minister receives CEOs of Standard Chartered in Singapore

Prime Minister Pham Minh Chinh received leaders of Standard Chartered in Singapore on February 9 as part of his official visit to the city state.
Prime Minister receives CEOs of Standard Chartered in Singapore ảnh 1PM Pham Minh Chinh (R) and Simon Cooper, CEO of Corporate & Institutional Banking and Europe & The Americas at Standard Chartered Bank, at the meeting on February 9 (Photo: VNA)
Singapore (VNA) – Prime Minister Pham Minh Chinhreceived leaders of Standard Chartered in Singapore on February 9 as part ofhis official visit to the city state.

He met with Simon Cooper, CEO of Corporate & Institutional Banking and Europe & The Americas; and Patrick Lee, CEO ofSingapore and ASEAN Markets at Standard Chartered – a British multinational group with operations in investment banking and financial services.

Cooper congratulated Vietnam on socio-economic achievementsover the past years and highly valued the country’s climate commitments made atclimate change conferences.

He expressed his firm’s hope to cooperate with Vietnam tosuccessfully implement the Just Energy Transition Partnership and work with theGlasgow Financial Alliance for Net Zero to achieve net zero emissions.

PM Chinh informed the guests that Vietnam is prioritising and encouraging the development of green and sustainable finance, particularly a green bond market to support the implementation of the national strategy on green growth in 2021-2030 and the commitment to net zero emission by 2050.

Welcoming Standard Chartered’s proposals to help Vietnamattract foreign investment, the PM asked the bank and partners to continueconsidering measures for mobilising, promoting, and providing financialproducts for green projects and renewable energy ones in Vietnam so as tocontribute to the country’s economic restructuring and energy transitiontowards green and sustainable growth.

In particular, he called for loans at preferential interest rates for investors in Vietnam considering the country's situation as adeveloping country having to deal with many difficulties but shoulderingclimate change response tasks like developed ones.

The Vietnamese Government pledges to stand side by side withStandard Chartered to create conditions for foreign investors to successfullymake investment and do business in the country, he added.

The same day, PM Chinh toured the Singapore City Gallery, where he inquired into Singapore's planning philosophy, the process of building Singapore into a green city, and steps to build a smart city with digital government, digital economy and digital society./.
VNA
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