With its local subsidiary operational, Standard Chartered Bank has opened a Taiwan desk in Vietnam catering to growing bilateral trade flows.
On August 1, the State Bank of Vietnam approved Standard Chartered to open a wholly foreign-owned local subsidiary in the country. With the new status in hand, the bank is responding to customer demand with a new Taiwan desk providing trade and wholesale banking products to Standard Chartered customers in the country.
The desk, more of a unit than a physical desk, will focus primarily on trade relationship management. It is the first such desk in Vietnam.
Jerry Ngo, managing director and head of origination and client...