Log in
Business

HSBC receives top awards from Euromoney

HSBC was named as top trade finance bank in Vietnam and on global scale, according to the 2018 Euromoney Trade Finance Survey.

The Euromoney annual poll, which is highly regarded across the banking industry, recognizes top bank in trade finance by asking businesses engaged in international trade worldwide to indicate which international banks they currently use for trade finance and how they rate that bank’s various trade finance services and products. 
 
HSBC Vietnam has been one of the top banks operating in Vietnam.
HSBC Vietnam has been one of the top banks operating in Vietnam.
“I am delighted that we have been recognised by our clients in Vietnam as the country’s number one trade finance bank,” said Winfield Wong, Country Head of Wholesale Banking at HSBC Bank (Vietnam).

“Historically, HSBC was established to facilitate the growing trade between countries and continents in the 19th century, and we’re extremely proud that today HSBC is playing its part to ensure the bank remains at the forefront of the global trade industry.”

As with other countries where HSBC operates, HSBC Vietnam offers a full suite of trade solutions ranging from traditional documentation services to highly sophisticated tailor-made solutions to enterprises, both multinational companies (MNCs) and local corporates — all of which is proposed by a local team of experts that are always willing to go the extra mile for their clients.

The bank’s current wide range of trade products is accommodating customers' five areas of needs (Working Capital Optimisation, International Trade Growth, Trade Risk Management, Supplier Finance Management and Sale Finance Management) from pre-shipment financing (e.g. to support raw material purchase in preparation for manufacturing and delivery) to post-shipment financing (e.g. negotiation or factoring services). HSBC has also continued to introduce industry-leading measures to prevent Financial Crimes and Sanction Risks while facilitating global trade.

“By leveraging our global reach in more than 60 countries, and by sharing our in depth knowledge of markets, we connect buyers and suppliers, helping our clients manage risk and liquidity costs more effectively — that has always been HSBC’s core strength,” said Winfield.

“Trade is forever evolving and so, our role as the industry leader is not just to adapt to change but also to anticipate what our clients will need tomorrow so we can continually provide them with the best in class capital solutions. That’s why we always put our clients at the heart of everything we do”.

In the annual survey, which this year compiled votes from more than 7,000 businesses engaged in international trade, HSBC was also named as the leading bank for trade finance in the UK, the US, and multiple countries across Latin America and the Middle East as well as Asia.

Recently HSBC Vietnam has also been named Best Domestic Cash Manager by Euromoney Cash Management Survey 2017, making HSBC the best transactional banking franchise in the market.
Reactions:
Share:
Trending
Most Viewed
SSC launches Vietnam Governance Manual 2025

SSC launches Vietnam Governance Manual 2025

Vietnam targets 100% online processing of business-related procedures

Vietnam targets 100% online processing of business-related procedures

By 2026, corporate compliance costs must be halved compared to 2024, achieved through a 50% reduction in processing times.

Vietnam aims to create one million new businesses by 2030

Vietnam aims to create one million new businesses by 2030

Ministries and local governments are expected to cut at least 30% of processing times, compliance costs, and unnecessary business conditions this year.

Hanoi advances energy efficiency for businesses

Hanoi advances energy efficiency for businesses

Hanoi authorities, in collaboration with relevant agencies, are providing technical support to businesses in adopting advanced energy-saving technologies and developing energy efficiency indices.

Vietnamese spend US$13 million daily on coffee and tea

Vietnamese spend US$13 million daily on coffee and tea

Total revenue for the F&B industry is expected to reach VND755.4 trillion ($29.6 billion) this year.

Vietnam works to overcome US seafood export barriers

Vietnam works to overcome US seafood export barriers

Vietnam’s seafood industry is facing new trade barriers from the US under the Marine Mammal Protection Act (MMPA), which aims to reduce bycatch and promote sustainable fishing.

New IPO rules in Vietnam: How startups can raise capital faster?

New IPO rules in Vietnam: How startups can raise capital faster?

Unlocking capital flows would be crucial for the sustainable development of Vietnam's startup ecosystem.

Viettel to open new data center in Ho Chi Minh City next month

Viettel to open new data center in Ho Chi Minh City next month

Expected to be operational by 2026, the center will play a critical role in meeting the data storage and processing needs of southern Vietnam.