HSBC Bank (Vietnam) Ltd. has been declared Best Foreign Bank in Vietnam for the ninth time in 10 years by FinanceAsia, one of Asia’s leading publications for finance and banking news and analysis.
FinanceAsia also recognised HSBC Vietnam’s strength in investment banking by naming it as the Best Foreign Investment Bank for the first time. Vietnam was the only country among all Asia Pacific (excluding Hong Kong) to scoop two awards in the region for the group.
“We are delighted to be awarded the Best Foreign Bank and the Best Foreign Investment Bank by FinanceAsia at the same time this year ” said Pham Hong Hai, CEO of HSBC Vietnam. “To be acknowledged in this way is a remarkable tribute to the headway we have made in broadening our business and bringing the full spectrum of investment banking, commercial banking and markets solutions to our clients in what remains a very challenging market. The award for Best Foreign Investment Bank is also a milestone achievement for us – one we have achieved by leveraging our peerless international connectivity that links clients and also HSBC teams across multiple markets globally.”
FinanceAsia noted that in the last year HSBC had supported large infrastructure and power projects that have contributed to Vietnam’s development, such as a US$931 million loan to PetroVietnam and a US$910 million power project deal for Vietnam Electricity.
Moreover, the bank has also been a leader in supporting Vietnam to access the international financial market. It served as joint book-runner, deal manager, and billing and delivery bank on a switch tender offer for the government’s issuance of bonds valued at US$1 billion in November, 2014 – Vietnam’s first foray into international capital markets since 2010.
HSBC Vietnam also advised on landmark cross-border M&A, helping Vietnamese companies obtain foreign equity and expertise. It acted as financial advisor for Thailand’s Central Group in the purchase of 49% stake in a local electronic retailer, that needed help transform its retail business.
Besides winning these prestigious awards from FinanceAsia, HSBC Vietnam has maintained a firm grip on a number of other prestigious prizes in recent years. The bank won an award for Best Deal in Vietnam 2014 from Asset Triple A for PetroVietnam’s USD931 million multi-tranche financing package and Deal of the Year 2014 from Trade Finance (Euromoney Group) for the Vietnam Electricity (EVN) 2x600MW Vinh Tan 4 Supercritical Thermal Coal-fired Power Project. HSBC Vietnam also picked up an award for Deal of the Year 2014 from Asiamoney for the Socialist Republic of Vietnam’s switch tender and US$1 billion bond issuance .
Davi Nguyen
Source: HSBC
