HSBC Vietnam named Best Foreign Bank in Vietnam
In recognition of its exceptional performance in Vietnam’s banking sector, HSBC Vietnam was named Best Foreign Bank in Vietnam at the prestigious FinanceAsia Country Awards, the eleventh time in 12 years it has won the coveted prize and the second time in three years it has topped the Best Foreign Investment Bank in Vietnam category.
Over the last year, the bank, once again, stood out for its strong financial performance overall, achieving a sharp increase in pre-tax profit and customer loans thanks to strong revenue growth and very low loan impairment charges and careful control over costs.
Against a challenging and volatile market and in spite of stiff competition from both newly-arrived banks and increasingly competitive existing banks, HSBC managed to maintain strong capital and liquidity positions.
“It’s a tremendous feeling to once again win both of these highly-prized awards from one of the leading publications in the financial industry, FinanceAsia,” said HSBC Vietnam’s CEO Mr. Pham Hong Hai. “This recognition underscores the success of our growth strategy in this challenging but exciting market.”
Mr. Hai added that HSBC Vietnam has leveraged its global network to capture business opportunities from robust foreign direct investment (FDI) inflows, resilient manufacturing, and a growing affluent segment.
The award for Best Foreign Investment Bank is also a milestone for HSBC Vietnam and one that proves it can offer clients comprehensive financial solutions besides commercial banking capabilities. “To be acknowledged in this way is a remarkable tribute to the headway we have made in broadening our business and bringing the full spectrum of investment banking, commercial banking, and market solutions to our clients in Vietnam,” Mr. Hai said. “Business with clients from South Korea, China, Hong Kong and Thailand has grown substantially in recent years and HSBC Vietnam has also supported several large State-owned and private companies to expand internationally.”
Leveraging HSBC’s global network and on-the ground insights from local market experts, HSBC Vietnam is able to provide relevant and up-to-date market intelligence tailored to nearly every major industry sector necessary to help deliver the client’s M&A ambitions, whichever direction they choose.
FinanceAsia noted that HSBC Vietnam ranked first in the merger and acquisition (M&A) league tables from 2012 to 2016 with a combined value of completed and announced deals of $3.8 billion, by advising landmark cross-border M&As and helping Vietnamese companies obtain foreign equity and expertise.
It served as joint book-runner, arranger, billing, and delivery bank on major deals in Vietnam and also as sell-side advisor for France’s Casino Group in their divestment from the Big C retail group; the largest ever retail transaction in Vietnam’s history. In the last few years, HSBC Vietnam has also advised on five of the ten largest M&A deals in Vietnam, demonstrating its strength in advising on complex, cross-border transactions relating to Vietnam.
On the loan financing side, HSBC also made the country’s largest-ever domestic currency transaction, a $180 million equivalent, three-and-a-half-year club deal for a telecoms company. “Receiving these two awards fills us with pride and highlights the resilience we have shown in challenging times,” said Mr. Hai. “More than anything, these accolades also further encourage us to work even harder and further raise the bar for banking and investment in Vietnam.”
Over the last year, the bank, once again, stood out for its strong financial performance overall, achieving a sharp increase in pre-tax profit and customer loans thanks to strong revenue growth and very low loan impairment charges and careful control over costs.
Against a challenging and volatile market and in spite of stiff competition from both newly-arrived banks and increasingly competitive existing banks, HSBC managed to maintain strong capital and liquidity positions.
“It’s a tremendous feeling to once again win both of these highly-prized awards from one of the leading publications in the financial industry, FinanceAsia,” said HSBC Vietnam’s CEO Mr. Pham Hong Hai. “This recognition underscores the success of our growth strategy in this challenging but exciting market.”
Mr. Hai added that HSBC Vietnam has leveraged its global network to capture business opportunities from robust foreign direct investment (FDI) inflows, resilient manufacturing, and a growing affluent segment.
The award for Best Foreign Investment Bank is also a milestone for HSBC Vietnam and one that proves it can offer clients comprehensive financial solutions besides commercial banking capabilities. “To be acknowledged in this way is a remarkable tribute to the headway we have made in broadening our business and bringing the full spectrum of investment banking, commercial banking, and market solutions to our clients in Vietnam,” Mr. Hai said. “Business with clients from South Korea, China, Hong Kong and Thailand has grown substantially in recent years and HSBC Vietnam has also supported several large State-owned and private companies to expand internationally.”
Leveraging HSBC’s global network and on-the ground insights from local market experts, HSBC Vietnam is able to provide relevant and up-to-date market intelligence tailored to nearly every major industry sector necessary to help deliver the client’s M&A ambitions, whichever direction they choose.
FinanceAsia noted that HSBC Vietnam ranked first in the merger and acquisition (M&A) league tables from 2012 to 2016 with a combined value of completed and announced deals of $3.8 billion, by advising landmark cross-border M&As and helping Vietnamese companies obtain foreign equity and expertise.
It served as joint book-runner, arranger, billing, and delivery bank on major deals in Vietnam and also as sell-side advisor for France’s Casino Group in their divestment from the Big C retail group; the largest ever retail transaction in Vietnam’s history. In the last few years, HSBC Vietnam has also advised on five of the ten largest M&A deals in Vietnam, demonstrating its strength in advising on complex, cross-border transactions relating to Vietnam.
On the loan financing side, HSBC also made the country’s largest-ever domestic currency transaction, a $180 million equivalent, three-and-a-half-year club deal for a telecoms company. “Receiving these two awards fills us with pride and highlights the resilience we have shown in challenging times,” said Mr. Hai. “More than anything, these accolades also further encourage us to work even harder and further raise the bar for banking and investment in Vietnam.”
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