The Hanoitimes - HSBC Bank (Vietnam) Ltd has been awarded the title of Best Foreign Commercial Bank in Vietnam by FinanceAsia, one of Asia's leading banking and finance publications, for the 6th time in a row.
Despite strong competition from other international players in an increasingly sophisticated finance and banking market, HSBC scooped the title with strong investment and efficient operations which has contributed to Vietnam's long-term economic growth.
Against many rising difficulties of the economy in general and the finance and banking market in particular in 2010, HSBC expanded its product offerings to SMEs and individuals and increased the number of credit cards in force by 99 percent over the previous year.
"HSBC, as the largest international bank operating in Vietnam, is committed to working with the State Bank of Vietnam to help the country's economy to develop. 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.
The bank has made a conscious decision to bank Vietnam's middle and large corporate segment, focusing on those actively involved in international trade.
Besides, HSBC has invested in the retail segment where a number of key personal banking products were launched in 2010 include more convenient Internet Banking solutions, HSBC's Premier Banking proposition and ongoing additions to HSBC's full suite of services.