HSBC has been recognized as the top trade finance bank in Vietnam and as the world’s top global trade finance bank, according to the 2018 Euromoney Trade Finance Survey.
The Euromoney annual poll, well-regarded across the banking industry, recognizes leadership in trade finance by asking businesses engaged in international trade.These enterprises then indicate which international banks they currently use for trade finance and how they rate the various trade finance services and products of those banks.
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 both multinational companies and local corporates.
The bank’s current wide range of trade products is accommodating customers' five areas of needs as follows: Working Capital Optimisation, International Trade Growth, Trade Risk Management, Supplier Finance Management and Sale Finance Management. The products range 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 cost more effectively — that has always been HSBC’s core strength,” said Winfield Wong, Country Head of Wholesale Banking, HSBC Vietnam.
In the annual survey, which 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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