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Home / Economy / Banking & Finance
HSBC receives top awards from Euromoney
Nguyen Tung 15:23, 2018/01/16
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.
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