Citi Vietnam named best commercial bank

The award, conferred on Citi Vietnam at a ceremony in Hong Kong on March 18, underscores Citi's 30-year legacy of excellence and innovation in Vietnam, highlighting the bank's commitment to supporting the nation's economic development.

As Vietnam has emerged as a desirable destination for manufacturing and supply chain relocation, several mid-sized corporations from Asia and other countries set up new manufacturing bases in Vietnam. This has contributed to the rise of local medium-sized enterprises that now have a role to play in global supply chains.

In Vietnam, Citi Commercial Bank has been promoted to be the best bank of choice for medium-sized companies with cross-border needs. The bank offers clients a broad range of banking services as companies grow locally and expand internationally.

The Triple A award recognises the role of Citi Vietnam for actively supporting the growth of several medium-sized companies in Vietnam. The bank has provided working capital and social finance term loans to a coffee processing company, collaborating directly with farmers to source coffee beans and support the community.

Citi also sponsored a green trade facility for a leading manufacturer in the recycling wastepaper business.

In healthcare, Citi concluded a working capital facility for a national pharmacy chain with over a thousand stores and supporting another retail pharmacy chain in the Mekong Delta, enhancing access for the general population in the region.

“Citi is committed to helping local and international businesses with cross border growth ambitions, offering banking solutions to ensure companies' smooth operations and expansion in Vietnam and in the region. We are delighted that our efforts were recognised by the Asset,” said Tien Phung, head of Citi Vietnam Commercial Bank.

Last month, Citi celebrated three decades of dedication, innovation, and exceptional service to international and local clients in Vietnam. The bank offers a comprehensive range of banking and financial services, including corporate and investment banking, treasury and trade services, commercial banking, and securities services.

Citi hosts Vietnam Day for Hong Kong clients Citi held a Vietnam Day on December 11 for its Hong Kong clients, one of the bank's fastest growing trade corridors.

Citi named best bond and equity bank by Asia's leading finance magazines Citi was named best Asia-Pacific bond house by both IFR Asia and Finance Asia at their recent annual awards for 2024, with Citi also picking up best equity and equity-linked advisor for Asia-Pacific from the Asset.

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