HSBC expands in Hanoi

13:59 | 06/05/2011
HSBC Bank (Vietnam) yesterday expanded its local distribution by opening another new outlet in Hanoi, forming the 16th outlet after two years.

Located at 185 Giang Vo, Cat Linh Ward, Dong Da District, in Hanoi’s city centre, the HSBC Bank (Vietnam) Ltd., Hanoi Branch Giang Vo Deposit Office is a sub unit of HSBC’s Hanoi branch in the capital with the population of around 6.5 million.

“As Asia's global bank, HSBC's onshore and offshore capabilities offer a breadth and depth of experience to power the growth of Vietnam's businesses.  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,” Peter Wong, chief executive of the Hongkong and Shanghai Banking Corporation.

Two years after launching the wholly local incorporated entity, the bank operates a total of 16 outlets in Vietnam: one transaction centre, six full-service branches in Hanoi, Ho Chi Minh City, Binh Duong, Can Tho, Danang and Dong Nai, transaction offices and deposit office across key urban centres of Hanoi and Ho Chi Minh City.

In April, HSBC (Vietnam) 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 for 15 years of service. It was the first wholly foreign-owned bank to operate both branches and transaction offices in Vietnam following its local incorporation in January 2009.

By Van Ngoc

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