Big banks short changed

Giant global banks, such as HSBC and Standard Chartered Bank, may have to wait at least one more year to open their wholly-owned subsidiaries in Vietnam, while those from South Korea, Russia and Taiwan may get in sooner.
vietnam key for hsbc priority

Vietnam key for HSBC priority

HSBC has named Vietnam as one of its top priority markets in the Asia-Pacific region. “Vietnam is a huge potential market. It is one of the emerging markets in Asia-Pacific where we are deeply keen to expand our operations,” HSBC Asia Pacific president and CEO Michael Smith said after an informal shareholders’ meeting in Hong Kong last Tuesday.
hsbc shells out 173m for a techcombank stake

HSBC shells out $17.3m for a Techcombank stake

The Hong Kong and Shanghai Banking Corporation Limited (HSBC), last week, inked a deal to buy 10 per cent of Vietnam Technological and Commercial Joint Stock Bank (Techcombank), the third foreign bank to buy into a Vietnamese lender.