It is the second time HSBC has been honored for excellence in banking and finance within Asia, after scooping it in 2006.
Winning the award for the second time confirms customers’ trust in HSBC as well as showing recognition from independent industry leaders for its world-class products and services and ongoing commitment to excellence, Thomas Tobin, President and CEO of HSBC in Vietnam.
The award recognized a chain of HSBC’s achievements in 2008, including being the first foreign bank to obtain a license for local incorporation and the first to increase its stake in a local joint stock bank to 20 per cent, namely the Vietnam Technological and Commercial Joint Stock Bank (Techcombank)
HSBC Vietnam is now the country’s largest foreign bank in terms of investment capital, transaction network, varieties of products and the numbers of staff and customers.
The Asset Magazine selected the award winners according to their financial performance, size of operation, spread of business, investment banking performance, corporate and transaction banking performance, contributions to the domestic market and client testimonials. (Vietnam Economic Times)
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