Deputy Prime Minister Vuong Dinh Hue receives the CEO of Standard Chartered Bank.

Standard Chartered Bank is committed to supporting Vietnam in sharing its insights on international financial markets and developing its domestic market.

Late in the afternoon of June 22nd, at the Government Headquarters, Politburo member and Deputy Prime Minister Vuong Dinh Hue received Mr. Nirukt Sapru, General Director of Standard Chartered Bank Vietnam and concurrently General Director in charge of the ASEAN and South Asia group of five countries.

During the meeting, Deputy Prime Minister Vuong Dinh Hue highly appreciated the cooperative relationship between the Bank and government agencies, especially the active role of Standard Chartered Bank in supporting the Ministry of Finance, the State Bank of Vietnam, and relevant ministries and agencies in working with international rating agencies to assess Vietnam's national credit rating, as well as supporting the Vietnamese Government in the issuance of bonds to the international capital market to swap debt at the end of 2014.

Deputy Prime Minister Vuong Dinh Hue. (Photo: cafef.vn).

The Deputy Prime Minister stated that the Vietnamese Government recognizes the importance and necessity of improving the national credit rating, thereby contributing to reducing the cost of raising commercial loans for the Government as well as other economic sectors.

In this spirit, the Deputy Prime Minister requested Standard Chartered Bank to continue strengthening its support for Vietnamese government agencies in their work with international rating agencies, including sharing international best practices and providing recommendations to the Vietnamese government on improving the quality of cooperation and regularly exchanging information with credit rating agencies to help these organizations gain a comprehensive and objective understanding of Vietnam's socio-economic situation, thereby enhancing Vietnam's image and position internationally in general and among the international investment community in particular.

Mr. Nirukt Sapru stated that Standard Chartered Bank has been operating in Vietnam for 112 years. He also emphasized that, in addition to maintaining its credit rating, Vietnam needs to maintain close relationships to retain investors. Standard Chartered Bank will continue to support Vietnam in updating and sharing assessments of international financial markets, developing the domestic financial market, and addressing other macroeconomic issues.

According to VOV