HSBC Bank (Vietnam) Ltd.

The HSBC Group is one of the largest banking and financial services organizations in the world, with well-established businesses in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. HSBC differentiates its brand from those of its competitors by describing the unique characteristics which distinguish HSBC, summarized by the words "The world's local bank".

Headquartered in London, the HSBC Group has 7,500 offices in 80 countries and territories. The Group's total assets are US$ 2,716 billion at 30 September 2011.

In Vietnam, HSBC first opened an office in Saigon (now Ho Chi Minh City) in 1870. In August 1995, HSBC opened a full-service branch in Ho Chi Minh City. In 2005, HSBC also opened its second branch in Hanoi and established a representative office in Cantho.

On 29 December 2005, HSBC acquired 10% share capital of Vietnam Technological and Commercial Joint Stock Bank (Techcombank), one of the largest joint stock commercial banks in Vietnam by equity. In July 2007, HSBC became the first foreign bank to increase its stake in Techcombank to 15%. In September 2008, HSBC completed the increase of its stake in Techcombank to 20%, became the first foreign bank in Vietnam to hold a 20% interest in a domestic bank.

In September 2007, HSBC acquired 10% share capital of Bao Viet Holdings, becoming the sole foreign strategic partner of Vietnam’s leading insurance company. In October 2009, HSBC signed an agreement to increase its shareholding in Bao Viet Holdings to 18% from 10% for VND1.88 trillion (approximately US$105.3 million).

On 1 January 2009, HSBC started operating its locally incorporated entity and became the first foreign bank to incorporate in Vietnam, after gaining approval from the State Bank of Vietnam (SBV) to set up a Wholly Foreign-Owned Bank (WFOB) in Vietnam in September 2008. The new entity, HSBC Bank (Vietnam) Ltd., is headquartered at the Metropolitan Building, 235 Dong Khoi Street, in Ho Chi Minh City’s District 1. With a registered capital of VND3,000 billion, HSBC Bank (Vietnam) Ltd. is 100 per cent owned by The Hongkong and Shanghai Banking Corporation Limited, the founding and principal member of the HSBC Group.

By July 2011, the bank network expanded to 16 outlets including one transaction centre, one branch and five transaction offices in Ho Chi Minh City, one branch, three transaction offices and one deposit office in Hanoi, and four branches in Binh Duong, Can Tho, Da Nang and Dong Nai province.

HSBC is now the largest foreign bank in Vietnam in terms of network, product range, staff and customer base. HSBC’s history in Vietnam and knowledge of its culture reflects its commitment to delivering excellence in customer service, every time.

In Vietnam, HSBC provides clients with a full range of banking services including:

- Commercial Banking.
- Global Banking.
- Global Markets.
- Global Payments and Cash Management.
- Trade and Supply Chain.
- Securities Services.
- Retail Banking and Wealth Management.

• Doing Business in Vietnam

- Best Foreign Bank in Vietnam by FinanceAsia for six consecutive years: 2006 to 2011
- Best Trade Finance Bank in Vietnam 2008, 2009 and 2011 by the Asset Triple A
- Best Overall Private Bank in Vietnam 2011 by Euromoney
- Best Sub-custodian Bank in Vietnam by Global Finance for four consecutive years: 2008-2011
- Best for Overall Market Share in Vietnam 2010 and 2011 by Euromoney FX Survey
- Best Foreign Cash Management Bank in Vietnam 2011 by The Asset Triple A
- Best Foreign Transaction Bank in Vietnam 2011 by The Asset Triple A
- HSBC Service Provider in ATM and Savings category in High Quality Vietnam Product Awards 2011 by the Sai Gon Tiep Thi Magazine (2009 & 2011)
- Best Consumer Internet Bank in Vietnam 2009 and 2010 by Global Finance
- Best Bank in Vietnam 2006, 2008, 2009 and 2010 by the Asset Triple A
- Best Sub-custodian Bank in Vietnam 2006, 2009 by the Asset Triple A
- Best for Overall Forex Services in Vietnam 2006, 2007, 2009 by Asiamoney FX Poll
- Best for Innovative FX Products and Structured Ideas 2009 by Asiamoney FX Poll
- Best Retail Bank in Vietnam 2006 by the Asian Banker
- Golden Dragon Award for Most Preferred Bank, by the Vietnam Economic Times and Ministry of Planning and Investment from 2001 to 2008 and 2010
- Top Trade Services Awards 2007, by the Ministry of Industry and Trade of Vietnam
- Certificate of Merit for 15 years of Excellence in Banking by the State Bank of Vietnam
- Certificate of Merit for Having Excellent Performance and Contribution to Banking in 2009-2010 from the Governor of the State Bank
- The Best Environmental Excellence Award, AusCham for three consecutive years: 2008-2010
- Saigon Times Top 40 Awards for five consecutive years since 2005 by Saigon Times and Departments of Planning and Investments of Hochiminh City, Binh Duong, Dong Nai and Ba Ria - Vung Tau

Corporate sustainability is central to HSBC’s business strategy, with leadership from the top and involvement at all levels of the bank. At HSBC, Corporate Sustainability means managing our business responsibly and sensitively with the utmost respect for people, communities and the environment to achieve long-term success. HSBC cares.

- Activities

Business Registration Certificate No.: 4104006215 issued by Ho Chi Minh City Department of Planning & Investment - Business Registration Division dated 23 September 2008.

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