Bank named Best Foreign Bank in Vietnam and, for the first time, Best Foreign Investment Bank.
HSBC Vietnam has been declared Best Foreign Bank in Vietnam for the ninth time in ten years by FinanceAsia, one of Asia’s leading publications in finance and banking news and analysis.
For the first time the bank was also named Best Foreign Investment Bank. Vietnam was the only country in all of Asia-Pacific (excluding Hong Kong) to scoop two awards.
“We are delighted to be named Best Foreign Bank and Best Foreign Investment Bank by FinanceAsia,” said CEO of HSBC Vietnam, Mr. Pham Hong Hai.
He added that it is a remarkable tribute to the headway the bank has made in broadening its business and bringing the full spectrum of investment banking, commercial banking, and market solutions to clients in what remains a very challenging market.
“The award for Best Foreign Investment Bank is also a milestone achievement for us and one we have achieved by leveraging our peerless international connectivity that links clients and also HSBC teams across multiple markets globally,” Mr. Hai said.
FinanceAsia noted that in the last year HSBC had supported large infrastructure and power projects that have contributed to Vietnam’s development, such as a $931 million loan to PetroVietnam (for which it picked up the Best Deal in Vietnam 2014 award from Asset Triple A) and a $910 million power project deal for Electricity of Vietnam (for which it picked up Deal of the Year 2014 award from Trade Finance).