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INVESTMENTOPPORTUNITIES

Joining hands to support Vietnamese SMEs

Updated at Thursday, 24 Nov 2016, 11:37
The Hanoitimes - Global Head of Business of Banking Standard Chartered Vietnam Rajeev Chalisgaonkar said at the recent workshop that the bank will assist the Vietnamese small-and medium-sized enterprises in capital management, business expansion and profit improvement.
The Banking Standard Chartered Vietnam in collaboration with the Vietnam Chamber of Commerce and Industry (VCCI) held a workshop on enhancing access of the Vietnamese small-and medium-sized enterprises (SMEs) to capital and technologies in HCM City on November 22.
200 SMEs from various sectors such as manufacturing, information technology, trade and services attended the workshop.
At the workshop.
At the workshop.
Vice President of the VCCI Vo Tan Thanh described SMEs as the backbone of the national economy and highlighted the significance of cooperation between the VCCI and the Banking Standard Chartered Vietnam in supporting the businesses to access capital and technologies in the context of economic integration.
The collaboration will help the enterprises grasp business opportunities and achieve their targets at both domestic and foreign markets, he said.
CEO of Standard Chartered Vietnam Nirukt Sapru said that one of the bank's focus is to assist the growth and development of Vietnam's SMEs.
The workshop shows the bank's strong commitment in strengthening the capacity of these enterprises, while providing them the support needed to grasp more business opportunities as well as achieving the development goals in the domestic market and internationally.
"One of the major activities of Standard Chartered Vietnam is to support Vietnamese SMEs", affirmed Rajeev Chalisgaonkar, the bank’s Global Head of Business Banking.
Rajeev Chalisgaonkar said the bank will assist the Vietnam's SMEs in capital management, business expansion and profit improvement.
Such solutions have been exclusively designed for the SMEs to facilitate their banking transactions, thus helping them fulfill their long-term targets, he said.
Standard Chartered Vietnam has implemented a preferential credit package worth 330 billion VND (roughly 14.52 million USD) in an effort to promote business activities of SMEs in HCM City.
The package will mainly be used to realise the Bank-Business Connectivity Programme and remove financial difficulties faced by the businesses. Standard Chartered Vietnam has been the first foreign bank to participate in the programme.
Thu Minh
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