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The Standard Chartered Bank (SCB) hosted a panel discussion in HCM City on the global economic outlook and growth drivers for Vietnam’s market. The event brought together clients, businesses, and industry leaders to discuss key economic trends shaping global and national markets. SCB Senior Economist Tim Leelahaphan pointed out that Vietnam’s economic growth is driven by positive FDI, manufacturing, property, retail sales, industrial production, export growth, and tourism recovery.
SCB CEO and Head of Banking and Coverage Nguyễn Thúy Hạnh emphasized Vietnam’s resilience as one of ASEAN’s most dynamic economies, with high growth rates despite periodic challenges. The bank is committed to driving growth, innovation, and sustainable development in Vietnam, fostering a more inclusive approach to sustainable finance and supporting Vietnam’s net-zero goal by 2050.
Edward Lee, Chief Economist at Standard Chartered, also noted that global growth will remain subdued, with GDP easing from 3.2% in 2024 to 3.1% in 2025, as inflation eases, and Fed rate-cut expectations are lowered. Tight monetary conditions, fiscal pressures, and geopolitical uncertainties may continue to impact global markets.
Standard Chartered is the only international bank with a presence in all 10 ASEAN countries, with Vietnam playing a vital role in the region. The bank offers promising opportunities in retail, wealth, and priority banking, corporate banking, trade, and financial institutions. With its international expertise and experience in Asia, Africa, and the Middle East, Standard Chartered is building a broad business in Vietnam to develop the financial services sector and support client businesses.
The panel discussion featured in-depth presentations and insights from Standard Chartered’s senior economists, providing valuable information on the global and Vietnamese economies. The event highlighted the bank’s commitment to driving growth, innovation, and sustainable development in Vietnam, as well as its role in shaping the country’s financial services sector.