HSBC Vietnam has been named the Best Bank in Vietnam by The Asset Magazine in their Triple A Country Awards 2010 for performance in banking and finance sectors in Asia, according to a press release from the bank.
This is the third consecutive year that the bank gets the award.
The Asset Magazine selected the winners according to their financial performance, size of operation, spread of business, investment banking performance, corporate and transaction banking performance, contribution to the domestic markets, and client testimonials.
This is the latest in a string of awards that the bank has won this year.
The bank was also awarded Best Foreign Bank in Vietnam by FinanceAsia for the fifth consecutive year; Best Consumer Internet Bank by Global Finance, Best Domestic Cash Management Bank by Euromoney, and Best Sub-custodian Bank by Global Finance.
After entering the Vietnam market in 1870, HSBC has become one of the leading foreign banks in the country in terms of investment capital, network, product range, staff and customer base.
With 12 outlets nationwide, HSBC currently serves a large and diverse customer base, comprising of individuals, corporations, institutional clients, and on-shore and off-shore investment funds.