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 Wealth and Personal Banking, Wholesale Banking, Global Payments Solutions, Global Trade and Receivables Finance and Markets and Securities Services.

Awards

  • Best Foreign Bank in Vietnam 2006-2012, 2014-2024 by FinanceAsia
  • Best Investment Bank in Vietnam 2023, 2024 by FinanceAsia
  • Biggest ESG Impact in Vietnam 2024 by FinanceAsia
  • Most Innovative Use of Technology in Vietnam 2023, 2024 by FinanceAsia
  • Market Leader for Trade Finance in Vietnam 2018, 2020-2022, 2024 by Euromoney Trade Finance Survey
  • Best Service Provider for Trade Finance in Vietnam 2021, 2022, 2024 by Euromoney Trade Finance Survey
  • Great Place to Work certified by Great Place to Work® in 2022-2024
  • Best Bank for FDI in Vietnam 2024 by Golden Dragon Awards
  • Best Trade Finance Service Provider in Vietnam 2024 by The Asset Triple A Treasurise Awards
  • Best Supply Chain Solution in Vietnam 2024 by The Asset Triple A Treasurise Awards
  • Best ESG Solution in Vietnam 2024 by The Asset Triple A Treasurise Awards
  • Best ESG Impact in Vietnam 2023 by FinanceAsia
  • Best Bank in Vietnam by Euromoney Awards for Excellence 2023
  • Market Leader for Cash Management in Vietnam 2021-2023 by Euromoney Cash Management Survey
  • Best Service in Vietnam 2023 by Euromoney Cash Management Survey
  • Best International Investment Bank in Vietnam 2023 by Asiamoney Best Bank Awards
  • Best International Retail Bank of the Year 2016-2017 and 2019, 2023 by Asian Banking and Finance Retail Banking Awards
  • Market share leader in Vietnam 2023 by Greenwich Trade Recognition & Awards
  • Great Innovation 2023 by BritCham Great Awards
  • Best Sub-custodian Bank in Vietnam 2023 by The Asset Triple A Sustainable Investing Awards
  • Best Payments and Collections Solution in Vietnam 2023 (for our service to DHL Global Forwarding) by The Asset Triple A Treasurise Client Awards
  • Best in Treasury and Working Capital for MNCs/LLCs in Vietnam 2023 by The Asset Triple A Treasurise Client Awards
  • Biggest Social Impact in Vietnam in 2022 by FinanceAsia
  • Excellence in ESG  Top 50 Outstanding FIEs in Vietnam 2022 by Golden Dragon Awards
  • The Supervisory Bank of the Year 2022 by Vietnam Securities Depository
  • Best Global Bank for Sustainable Finance in Vietnam by The Asset Triple A  Country Awards for Sustainable Finance 2022
  • Best Green Loan in Vietnam (for arranging $500 million syndicated green term loans for Vingroup/Vinfast) by The Asset Triple A  Country Awards for Sustainable Finance 2022
  • The Best Sub-Custodian in Vietnam in 2021, 2022 by The Asset Triple A
  • Best Loan Adviser in Vietnam 2018-2022 by the Asset Triple A
  • Best Syndicated Loan for Financial Institutions in Vietnam (for arranging a $1 billion syndicated term loan for Techcombank) by The Asset Triple A-Country Awards for Sustainable Finance 2022
  • Best Syndicated Loan for Corporates in Vietnam (for arranging a $300 million offshore syndicated term loan facility for Hoa Phat) by The Asset Triple A-Country Awards for Sustainable Finance 2022
  • Leadership in Domestic eCommerce Payment Volume 2022 by Visa
  • Leadership in Operations Excellence for eCommerce 2022 by Visa
  • Leadership in Operational Excellence 2019, 2020, 2022 by Visa
  • Marketing & Brand Initiative of the Year in Vietnam by Asian Banking and Finance Retail Banking Awards 2021
  • Vietnam International COVID Management Initiative of the Year by Asian Banking and Finance Wholesale Banking Awards 2021
  • Vietnam International Trade Finance Bank of the Year by Asian Banking and Finance Wholesale Banking Awards 2021
  • Best ESG Trade Finance Solution in Vietnam in 2021 by the Asset Triple A
  • Best Bank in Treasury and Working Capital (MNCs/LLCs) in Vietnam in 2020, 2021 by the Asset Triple A
  • Best Global Bank in Vietnam 2008-2011, 2014, 2016, 2017, 2020 and 2021 by the Asset Triple A
  • Best Triparty Collateral Management Mandate in Asia in 2021 by The Asset Triple A
  • Best Equity linked Deal in Vietnam 2021 by the Asset Triple A for US$425 million Exchangeable Sustainable Bond of Vinpearl
  • Best Syndicated Loan in Vietnam 2021 by the Asset Triple A for US$790 million dual-tranche syndicated term loan facility for Vietinbank
  • Best Bank for Domestic Cash Management for Corporates 2010-2020 by Euromoney Cash Management Survey
  • Best New Bond in Vietnam 2020 by the Asset Triple A
  • The Syndicated Loan House of the Year 2020 in Vietnam by Asia Pacific Loan Market Association
  • Best Transaction Bank in Vietnam in 2019-2020 by the Asset Triple A
  • Best Cash Management Bank in Vietnam in 2020 by the Asset Triple A
  • Top-rated in Global Investor Sub-Custodian survey 2017-2020 (weighted and unweighted)
  • Best Digital Banking Initiative 2020 by Asian Banking and Finance Retail Banking Awards
  • Leadership in Credit Payment Volume 2011-2020 by Visa
  • Leadership in Operational Excellence for E-com Cross Border 2020 by Visa
  • Best Bank for Overall Service for Corporates in Vietnam 2019-2020 by Euromoney Cash Management Survey
  • Best Global Corporate and Institutional Bank in Vietnam 2017 and 2019 by the Asset Triple A
  • Best IPO by FinanceAsia 2018 for Vinhomes US$1.349 billion Initial Equity Offering
  • Best IPO in Vietnam 2018 by the Asset Triple A for Vinhomes US$1.349 billion IPO
  • Best Syndicated Loan in Vietnam 2018 by the Asset Triple A for VinFast Trade and Production US$400 million syndicated term loan facility
  • Certificate of Merit for Best Performer in depository activities 2018 by Vietnam Securities Depository
  • Certificate of Merit for Excellent Labour Collective 2018 by the Governor of State Bank of Vietnam for the Bank's excellence in completing 2017 business target
  • Emulation Flag 2018 by the Vietnamese Government for the Bank's achievements and contribution to the country's banking sector in 2017
  • Certificate of Merit from HCMC Police Department 2018 to recognise HSBC Vietnam's excellence in the fight against financial crime
  • Visa Global Award for the Highest International Authorization Approval Rate for Consumer Credit International in 2017
  • Best Foreign Investment Bank in Vietnam 2015, 2017 by FinanceAsia
  • Best International Bank in Vietnam 2017 by Asiamoney
  • 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 Foreign Bank in Vietnam from FinanceAsia 20th Anniversary Platinum Awards

Contact details

Headquarters

  • 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

  • Tim Evans, Chief Executive Officer, Legal Representative
  • Phillip Wright, Chief Operating Officer
  • Ahmed Yeganeh, Country Head of Wholesale Banking
  • Pramoth Rajendran, Country Head of Wealth and Personal Banking
  • Thuy Do, Country Head of Global Payments Solutions
  • Surajit Rakshit, Country Head of Global Trade and Receivables Finance
  • Khoa Ngo, Head of Markets and Securities Services
  • Yong Han, Chief Risk Officer
  • Truc Nguyen, Chief Financial Officer
  • Oanh Tran, Head of Human Resources
  • Long Ho, General Counsel and Company Secretary
  • Giang Cao, Head of Communications

2023

CAR - YE2023 English PDF 8.65 MB

CAR - 1HY2023 English PDF 11.62 MB

Annual report English PDF 240.81 KB

Interim report English PDF 6.20 MB

2022

CAR - YE2022 English PDF 6.43 MB

CAR - 1HY2022 English PDF 6.31 MB

Annual report English PDF 1.21 MB

Interim report English PDF 7.66 MB

2021

CAR - 2HY2021 English PDF 6.13 MB

Annual report English PDF 212.86 KB

Interim report English PDF 3.25 MB

2020

Annual report English PDF 1.47 MB

2019

Annual Report English PDF 8.18 MB

Interim report English PDF 4.06 MB

2018

Annual Report English PDF 6.54 MB

Interim report English PDF 850.55 KB

2017

Annual report English PDF 271.67 KB

Interim report English PDF 261.62 KB

2016

Annual report English PDF 312.28 KB

Interim report English PDF 146.51 KB

2015

Annual Report English PDF 4.38 MB

Interim Report English PDF 274.48 KB

2014

Annual Report English PDF 2.45 MB

Interim Report English PDF 300.12 KB

2013

Annual Report English PDF 287.50 KB

Interim Report English PDF 2.14 MB

2012

Annual Report English PDF 1.54 MB

2011

Annual Report English PDF 2.63 MB

2010

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.

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