Award underscores HSBC Vietnam’s qualities

HSBC Bank Vietnam

It was named the best for overall market share in Vietnam  in the Euromoney Foreign Exchange Survey 2013, an international evaluation which compiles votes from non-financial institutions and financial institutions all around the globe, according to an HSBC press release.

This is the third consecutive year HSBC Vietnam has won the award and the HSBC group also swept up across Asia, leading the survey in this category in Malaysia, Thailand, Philippines, Hong Kong and Taiwan. 

“We’re thrilled to earn this distinction from such a respected publication as Euromoney,” said Pham Hong Hai, managing director and head of Global Banking and Markets at HSBC Vietnam. “Winning such a prestigious prize is also a tribute to our dedicated team of professionals who continually strive to ensure HSBC is the Vietnam’s leading bank.”

“It’s worth mentioning that we were voted number one by both non-financial institutions and financial institutions,” he said. “We are also proud of achieving record volumes in foreign exchange despite a much less volatile period in the markets in 2012”

Overall HSBC Vietnam has been ranked No1 in Euromoney’s annual foreign exchange survey for the third consecutive year. This award is attributed to the significant investment HSBC Vietnam made in upgrading its pricing and distribution platform as well as the continued focus on providing best in class services and innovative solutions to clients’ needs.

“Our highly professional and dedicated sales team have been able to offer suitable advices and solutions for foreign exchange to our valued customers whether they are hedging structures to minimise price fluctuation or dealing strategies for a large foreign exchange deal. We are also the first 100 per cent foreign-owned bank to offer an E-platform for the onshore foreign exchange market,” added Hai.

According to Hai, HSBC Vietnam benefitted greatly from foreign currency exchange specialists, who thoroughly research the market, provide regular currency forecasts. He noted that the eagerly anticipated monthly reports Vietnam at a Glance and Currency Outlook reflected the bank’s peerless levels of expertise and up-to-date analysis.

First published in 1979, Euromoney’s annual foreign exchange survey is the most comprehensive quantitative and qualitative annual study available on the FX markets. 

“It’s always nice to finish on top, but it’s even more satisfying to stay on top,” said Hai. “We’re delighted to have our work in 2012 acknowledged today but we would need to strive to deliver better services and solutions for the benefit of our valued customers.”                                                                                                           

HSBC Vietnam has earned a plethora of accolades from renowned organisations for its business performance in 2012. FinanceAsia declared HSBC Vietnam to be the best foreign bank in Vietnam for the seventh year in a row. The bank also picked up awards for Best Sub-custodian Bank in Vietnam 2012 and Best Domestic Custodian Bank in Vietnam from Asset Triple A meanwhile Euromoney named HSBC Vietnam as Best Domestic Cash Management Bank in Vietnam 2012.

A stellar year was capped off by a Certificate of Merit from the State of Vietnam, awarded to HSBC by Prime Minister Nguyen Tan Dung for “Excellence in business operations and greatly contributing to the development of Vietnam”.