HSBC in Vietnam

The HSBC Group

The HSBC Group is one of the largest banking and financial services organizations in the world, with well-established businesses in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. HSBC differentiates its brand from those of its competitors by describing the unique characteristics which distinguish HSBC, summarized by the words 'The world's local bank'.

Headquartered in London, as of 31 December 2006, the HSBC Group has over 10,000 offices in 83 countries and territories, serving over 126 million customers. The Group's total assets were US$ 2,150 billions.

HSBC in Vietnam

In Vietnam, HSBC first opened an office in Saigon (now Ho Chi Minh City) in 1870. In August 1995, HSBC opened a full-service branch in Ho Chi Minh City. In 2005, HSBC also opened its second branch in Hanoi and established a representative office in Cantho.

In Vietnam, HSBC is the only foreign bank to provide clients with a full range of banking services including:

- Commercial Banking.
- Corporate & Institutional Banking.
- Global Markets.
- Global Payments and Cash Management.
- Trade Services.
- Securities Services.
- Personal Financial Services.

On 06 July 2007, HSBC completed the transaction to acquire 15% of the share capital of Vietnam Technological and Commercial Joint Stock Bank (Techcombank), the third largest joint stock commercial bank in Vietnam by equity. HSBC is now the largest foreign bank in Vietnam in terms of investment capital, network, product range, staff and customer base.

* More information about doing business in Vietnam

Awards:
* Best Foreign Bank in Vietnam for 2 consecutive years 2006 and 2007 by FinanceAsia.
* Best Retail Bank in Vietnam 2006 by the Asian Banker.
* Best Bank in Vietnam 2006 by the Asset Triple A Awards.
* Best Sub-custodian Bank in Vietnam 2006 by the Asset Triple A Awards.
* Best for Overall Forex Services in Vietnam 2006 by Asiamoney FX Poll.