Monday, February 26, 2024 12:26:23 PM - Markets open
VN-INDEX 1,215.85 +3.85/+0.32%
HNX-INDEX 230.52 -0.55/-0.24%
UPCOM-INDEX 89.90 -0.26/-0.29%
Standard Chartered Bank Vietnam signs Master of Agreement for sustainable trade loan to BIDV valued at $100 million
Vietnam News - 12/7/2023 11:04:10 AM
 (0 ratings. You must sign in to rate.)
Standard Chartered has signed a Master of Agreement to offer BIDV a sustainable trade loan worth up to US$100 million, to support BIDV and its clients in meeting their sustainability goals.
The Master of Agreement was exchanged in Dubai on the fringes of the UN climate conference COP28. Present at the ceremony were Vietnamese Prime Minister Phạm Minh Chính, ministers and representatives of BIDV and Standard Chartered Bank.
Under the agreement, Standard Chartered Bank Vietnam will arrange trade loan financing for BIDV sustainable transactions to enhance access of businesses and projects to green finance. The agreement will support the green transformation of Việt Nam.
Nguyễn Thúy Hạnh, Deputy General Director, Head of Corporate, Commercial and Institutional Banking, Standard Chartered Bank Vietnam, said: “We believe that finance can enable and accelerate the just transition to net zero, towards a nature-positive economy. Our trade finance agreement with BIDV is part of our commitment to support our clients and help them access sustainable financing and achieve their climate ambitions. We will continue to work closely with our clients and their stakeholders to provide access to finance where it matters most and to contribute to the sustainable development of Việt Nam.”  
In COP 28, Standard Chartered and the Việt Nam Government exchanged five memorandums of understanding (MoUs), valued at approximately $3 billion in sustainable financing to support local businesses in achieving their sustainability goals. Standard Chartered is committed to expanding the scale and reach of sustainable finance, with plans to mobilise $300 billion in green and transition finance by the end of this decade. — VNS
Read original article here
Newer News
23/02 Banks ask central bank to extend June 30 payment deadline
21/02 Credit growth declines by 0.6% in first month of 2024
19/02 Foreign exchange rate forecast to be under control in 2024
19/02 Many people buy gold on God of Wealth Day, gold prices down
16/02 Changes to Law on Credit Institutions reduce ownership limits in banks
16/02 Central bank pushes others to boost lending from start of New Year
16/02 Asia - biggest source of overseas remittances to HCM City in 2023
27/12 Bank bad debts forecast to remain under great pressure in 2024
27/12 Domestic gold prices hit record-breaking VNĐ80 million per tael
23/12 Bank credit growth improves in HCM City
Older News
06/12 Significant efforts made to enhance safety and transparency of corporate bond market
05/12 Việt Nam embraces global minimum tax for sustainable fiscal boost and FDI impact
04/12 Government to inspect credit growth management by central bank
04/12 Gold bar price rises by more than VNĐ3 million per tael in November
01/12 Central bank adjusts credit limits among banks due to uneven credit growth
30/11 Gold price hit new record high at VNĐ74.4 million per tael
30/11 Banks increase capital through paying dividends in shares
25/11 New signals expected in the corporate bond market
22/11 Dollar devalues against đồng, dropping below VNĐ24,000 threshold
14/11 Top 10 banks in terms of CASA as of end Q3 2023
Newsletter Signup
Top Stories
VN-Index fails to sustain upward momentum despite multiple attempts
Market remains upbeat on large-cap stocks
Central bank pushes others to boost lending from start of New Year
Domestic gold prices hit record-breaking VNĐ80 million per tael
Market steady due to low risk appetite
Market Update
Last updated at 12:25:01 PM
VN-INDEX 1,215.85 +3.85/+0.32%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.