HSBC named best foreign bank in Vietnam for 2011

The Hong Kong Shanghai Banking Corporation (HSBC) has just been named the best foreign bank in Vietnam by FinanceAsia, the leading Asian financial publication group.

This was the sixth consecutive year the bank has received the prestigious award, which is based on such criteria as financial potential, successful business operations and network expansion.

 HSBC was the first foreign institution to put a subsidiary bank into operation in Vietnam in January 2009. It is the first wholly foreign-owned bank to own both branches and transaction offices in the burgeoning market.

 Currently, HSBC includes a main exchange, a branch and 5 transaction offices in HCM city; 3 transaction offices and a saving fund in Ha Noi; 4 branches in Binh Duong, Can Tho, Da Nang and Dong Nai. It is also one of the biggest foreign banks in Vietnam…

 Together with being named the best foreign bank in Vietnam for six consecutive years, HSBC has been awarded, 'Best Sub-Custodian Bank' and 'Best Trade Finance Bank' from the Asset magazine's Triple A Awards, ...

Reported by H.Ngan-Translated by K.T

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