Tuesday, 10/05/2011 09:31

HSBC opens 16th outlet in Vietnam

HSBC Bank (Vietnam) Ltd, (HSBC Vietnam) has opened another new outlet in Hanoi, its 16th outlet in Vietnam.

Located at 185 Giang Vo, Cat Linh Ward, Dong Da District, in the capital with the population of around 6.5 million e, the Hanoi Branch Giang Vo Deposit Office will be a sub unit of HSBC's Hanoi branch.

"The opening of Giang Vo Deposit Office clearly reflects HSBC's plan to enhance its presence in Vietnam. We want to ensure customers can access our banking services with greater convenience, and leverage HSBC's global connectivity, local knowledge and strong national reach to unlock Vietnam's potential,” said Thomas Tobin, CEO of HSBC Vietnam.

“Customers in Hanoi will benefit from our extensive network with an enhanced banking experience, including the latest banking technology conducted a more convenient location tailored to their needs," he added.

“With the opening of our 16th branch in the country, we continue to build our ability to serve our customers in Vietnam, and give them access to internationally proven, Asian-built solutions for their personal and professional needs," said Peter Wong, Chief Executive of The Hongkong and Shanghai Banking Corpoartion.

In April, HSBC inaugurated Le Dai Hanh branch in Ho Chi Minh City, which is located at the Flemington Building, 182 Le Dai Hanh, District 11. It is the 15th outlet in Vietnam and the seventh outlet in Ho Chi Minh City.

HSBC in Vietnam has just been named Best Bank in Vietnam by The Asset and awarded a certificate of merit from the State Bank of Vietnam (SBV) for 15 years of service.

Now, just over two years later, the bank operates a total of 16 outlets in Vietnam: one transaction centre, six full-service branches in Hanoi, HCM City, Binh Duong, Can Tho, Da Nang and Dong Nai, transaction offices and deposit office across key urban centers of Hanoi and HCMC.

HSBC has been in Vietnam for 140 years - the Bank first opened an office in Saigon, now HCMC, in 1870. It was the first wholly foreign-owned bank to operate both branches and transaction offices in Vietnam following its local incorporation in January 2009.

The Hongkong and Shanghai Banking Corporation Limited is the founding and a principal member of the HSBC Group which, with around 7,500 properties in 87 countries and territories and assets of $2,455 billion as of 31 December 2010, is one of the world's largest banking and financial services organizations.

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