HSBC in Vietnam

The bank opened its first office in Saigon (now Ho Chi Minh City) in 1870. In August 1995, HSBC opened a full-service branch in Ho Chi Minh City. HSBC also opened its second branch in Hanoi and established a representative office in Can Tho City in 2005.

On 1 January 2009, HSBC became the first foreign bank to incorporate in Vietnam. The new entity, HSBC Bank (Vietnam) Ltd. is 100 per cent owned by The Hongkong and Shanghai Banking Corporation Limited. HSBC Bank (Vietnam) Ltd. is also the first wholly foreign-owned bank to operate both branches and transaction offices in Vietnam. HSBC is currently one of the largest foreign banks in Vietnam.

With 150 years of experience in Vietnam, HSBC provides a comprehensive range of banking services including Retail Banking and Wealth Management, Wholesale Banking, Global Liquidity and Cash Management, Global Trade and Receivables Finance and Securities Services.


  • Best Foreign Bank in Vietnam 2006 – 2012, 2014, 2015, 2016, 2017 by FinanceAsia
  • Best Foreign Investment Bank in Vietnam 2015, 2017 by FinanceAsia
  • Best International Bank in Vietnam 2017 by Asiamoney
  • Best Domestic Cash Manager in Vietnam 2010 – 2017 by Euromoney Cash Management Survey
  • Best Bank in Vietnam 2008 – 2011, 2014, 2016, 2017 by the Asset Triple A
  • Best Corporate and Institutional Bank in Vietnam 2017 by the Asset Triple A
  • Best M&A deal in Vietnam 2017 by the Asset Triple A for Siam City Cement 65% acquisition of LafargeHolcim, HSBC is a financial adviser.
  • Best Deal in Vietnam 2016 by FinanceAsia for Casino’s €920 million sale of Big C Vietnam to Central Group, HSBC is a seller adviser.
  • Best M&A deal in Vietnam 2016 by the Asset Triple A for Central Group US$1.1bn acquisition of Big C Vietnam, HSBC is a financial adviser.
  • Best Foreign Cash Management Bank in Vietnam for 2016 by Asiamoney Cash Management Poll
  • Best International Retail Bank of the year in Vietnam 2016, 2017 by Asian Banking and Finance
  • The only sub-custodian to get scores in both Weighted and Unweighted Categories in Global Investor ISF Sub-Custody Survey 2017
  • Leadership in Payment Volume 2011 - 2016 and Leadership in Credit Payment Volume 2011 – 2016 by Visa
  • Best Foreign Bank in Vietnam from FinanceAsia 20th Anniversary Platinum Awards
  • Best bond deal in Vietnam 2015 by the Asset Triple A for the Sovereign US$1bn 10-year Bond Issuance and Tender offer
  • Top 3 Payment Volume by MasterCard in 2015
  • Best Promotion 2015 by Mobile Marketing Association
  • Best Service Provider - Cash Management in Vietnam 2014 by the Asset Triple A
  • Best Domestic Custodian Bank in Vietnam 2012 - 2014 by the Asset Triple A
  • Best Sub-Custodian Bank in Vietnam 2008 – 2014 by Global Finance (seven consecutive years)
  • Best Deal in Vietnam 2014 for PetroVietnam’s USD931 million multi-tranche financing package by Asset Triple A
  • Deal of the Year 2014 by Trade Finance (Euromoney Group) for the Vietnam Electricity (EVN) 2x600MW Vinh Tan 4 Supercritical Thermal Coal-fired Power Project
  • Deal of the Year 2014 by Asiamoney for the Socialist Republic of Vietnam’s switch tender and USD 1billion bond issuance
  • Best for Overall Market Share in Vietnam 2010 – 2013 in the Euromoney Foreign Exchange Survey (four consecutive years)
  • Best Sub-custodian Bank in Vietnam 2006, 2009, 2012 by the Asset Triple A
  • Best Corporate Internet Bank in Vietnam 2011 by the Global Finance
  • Best Consumer Internet Bank in Vietnam 2009, 2010 by Global Finance
  • Best Overall Private Bank in Vietnam 2011 by Euromoney
  • Best Foreign Cash Management Bank in Vietnam 2011 by the Asset Triple A
  • Best Foreign Transaction Bank in Vietnam 2011 by the Asset Triple A
  • Best Trade Finance Bank in Vietnam 2008, 2009, 2011 by the Asset Triple A
  • Top Rated #1 in Leading Clients category in Global Custodian magazine’s Annual Survey of Agent Banks in Emerging Markets, 2011, 2013
  • Ranked #1 in Vietnam 100 Best Places to Work 2013, 2014 in the banking industry in a survey by Anphabe and Nielsen
  • Rated #2 in the list of Top 200 FDI companies of Tax Contribution for the year 2013, by Vietnam Report. Being the top one in the sector of banking, financial and securities industry
  • Certificate of Merit from Credit Information Centre, SBV, for good performance and achievements in compliance with the credit information regulations in Vietnam in 2013 and for the first six months of 2014
  • Certificate of Merit by Trade Union of State Bank of Vietnam to Pham Hong Hai Head of Global Banking and Markets for excellence of his contribution to the Banking industry of Vietnam for the period 2011 - 2013
  • Certificate of Merit for Contribution to Development of Securities Market in the period of 2006-2010 by Ministry of Finance
  • Certificate of Merit for 15 years of Excellence in Banking by the State Bank of Vietnam
  • Certificate of Merit for Having Excellent Performance and Contribution to Banking in 2009-2010 from the Governor of the State Bank
  • Golden Dragon Awards 2010 – 2011, 2013, 2014 by the Vietnam Economic Times and Ministry of Planning and Investment
  • HSBC Service Provider in ATM and Savings category in High Quality Vietnam Product Awards 2011 by the Sai Gon Tiep Thi Magazine (2009 & 2011)

Contact details


  • The Metropolitan, 235 Dong Khoi St, District 1, Ho Chi Minh City, Vietnam
  • Tel [84] (028) 3829 2288
  • Fax [84] (028) 3823 0530

Management team

  • Hai Pham, Chief Executive Officer
  • Karine Colyn, Chief Operation Officer
  • Winfield K Wong, Head of Wholesale Banking
  • Sabbir Ahmed, Head of Retail Banking and Wealth Management
  • Hanh Nguyen, Head of Global Liquidity and Cash Management
  • Anand Nevgi, Head of Global Trade and Receivables Finance
  • Dao Phan, Head of HSBC Securities Services
  • Khoa Ngo, Head of Markets
  • Kevin Green, Chief Risk Officer
  • Truc Nguyen, Chief Finance Officer
  • Vu Ton, Head of Human Resources


Interim report English PDF 261.62 KB


Annual report English PDF 312.28 KB

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Annual Report English PDF 2.45 MB

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Annual Report English PDF 287.50 KB

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Annual Report English PDF 1.54 MB


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Annual Report English PDF 356.56 KB

For details about HSBC’s global operations, Group board members and financial results, go to our corporate website . Please note that this is English only.