Standard Chartered Bank and the International Financial Corporation agreed to continue their trade finance partnership under the Global Trade Liquidity Programme with total investment of 1 billion USD.
HCM City (VNA) – Standard Chartered Bank and the International FinancialCorporation (IFC) on March 6 agreed to continue their trade finance partnershipunder the Global Trade Liquidity Programme (GTLP) with a total investment of 1billion USD.
Through thebank’s presence in emerging markets and established trade finance capabilities,it will launch a portfolio of trade finance transactions of up to 1 billion USDthrough emerging market issuing banks (EMIBs) with the IFC participating in upto 50 percent of the portfolio or 500 million USD.
These EMIBswill further extend the financing to local importers and exporters in theirpresence countries to promote global trade.
Financingglobal trade and commerce is at the core of Standard Chartered’s activities,Alex Manson, Global Head of the bank’s Transaction Banking said, adding thatcontinuing the partnership with IFC underscores its commitment to support andpromote economic growth and help bridge the global trade finance gap.
The bankexpects to provide more than 5 billion USD to support trade across theirfootprint over the next three years, he noted.
Thepartnership alongside the renewal of the GTLP facility is a key part of IFC’sstrategy to boost trade globally, creating new markets and new opportunitiesfor lower income countries, Marcos Brujis, Global Director of the FinancialInstitutions Group at IFC, said.
The GTLP is aportfolio-based trade finance initiative that combines the efforts of IFC andcommercial utilisation banks, such as Standard Chartered, to boost support fortrade finance in emerging markets.
It has provento be a highly effective means of providing financing to facilitate tradewithin emerging markets and address the lack of trade finance to underservedimporters and exporters in developing countries.-VNA
The Asian Development Bank (ADB) and the Orient Commercial Joint Stock Bank (OCB) on June 15 signed an agreement under which the ODB will join the ADB’s Trade Finance Programme (TFP).
The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has been named the “Leading Partner Bank in Vietnam” by the Asian Development Bank (ADB).
The Asian Development Bank (ADB) said it signed a Revolving Credit Agreement (RCA) with the Saigon-Hanoi Commercial Joint Stock Bank (SHB) on February 21.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Standard Chartered Bank. (Photo: AFP) 
