HSBC Vietnam named best foreign commercial bank

July 11, 2011 | 16:03

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HSBC Bank (Vietnam) Ltd. has just been awarded the prestigious title of Best Foreign Commercial Bank in Vietnam.

2011 marks the sixth year running that HSBC Vietnam has won this particular award by FinanceAsia banking and finance publication.

Despite strong competition from other international players in Vietnam’s increasingly sophisticated finance and banking market, HSBC scooped the title because the bank has invested strongly in the Vietnamese economy and its policies and decisions over the last year have been good for Vietnam’s long term economic growth.

Against many rising difficulties of the economy in general and the finance and banking market in particular in the past year, HSBC expanded its product offerings to small and medium sized enterprises and individuals and increased the number of credit cards in force by 99 per cent over the previous year.

“One of HSBC’s key objectives is to support the evolving needs of our personal and corporate customers and HSBC is committed to doing this by introducing the highest quality products and services to the Vietnamese market,” said Sumit Dutta, chief executive officer of HSBC Vietnam.

FinanceAsia mentioned that a key factor in HSBC securing the award was that it “has faith in Vietnam”, has belief in “Vietnamese companies and small borrowers” and is here to “help grow a nation”.

By Van Ngoc

vir.com.vn

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