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150 Years Moving Forward with Vietnam Foreword

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150 Years Moving Forward with Vietnam Foreword 150 years moving forward with Vietnam Foreword 150 years ago in 1870, HSBC opened its first office in I am pleased to present you with this small booklet Saigon, now Ho Chi Minh City, to help finance the export that highlights HSBC Vietnam’s remarkable milestones of rice and silk from Vietnam. The Saigon Office was the and our continuing work together with the country, its sixth office that HSBC had opened in Asia. After being people and its corporates. In addition to highlighting our founded in Hong Kong and Shanghai in 1865, the HSBC business in the market, we are also proud to highlight network rapidly developed with offices in Yokohama how we support the country and its local communities in 1866, Calcutta (now Kolkata) in 1867 and Bombay by presenting our Corporate Sustainability strategy in (now Mumbai) in 1869. Vietnam, which focusses on helping those less fortunate, and bringing positive change to the communities we HSBC has been part of the long history of Vietnam serve and the lives of the people in Vietnam. through all its ups and its downs. More recently, HSBC has had the privilege of witnessing the country’s From the establishment of our first office in Vietnam evolution into a new economic force in Asia, and more 150 years ago, HSBC’s purpose has never changed. broadly across the world. As a bank with trade finance We work to enable businesses to thrive and thereby assist in our DNA, we are proud to have helped contribute the economy to prosper, with the ultimate objective of to Vietnam’s exciting journey. helping the people of Vietnam to fulfil their hopes and realise their ambitions. We hope to actively contribute Tim Evans Throughout the years, we have been consistent in our to the country’s ongoing development, for another Chief Executive Officer, mission to be a bridge for local companies and individuals 150 years and beyond. HSBC Vietnam who want to either expand overseas, or connect with overseas partners, markets and opportunities. We are also a bridge for international investors who want to explore Vietnam and undertake business here. We too have evolved together with Vietnam, from initially providing simple conventional financial products and services, to now providing the market with sophisticated financial solutions, be they for individual customers or corporate clients. 02 HSBC Vietnam’s vision To innovate, to empower, to connect. 03 Contents Foreword 02 HSBC Vietnam’s vision 03 Our history in Vietnam 05 Our products and services 08 ¡¡Wholesale Banking 08 ¡¡Markets and Securities Services 10 ¡¡Wealth and Personal Banking 12 Connecting Vietnam and our customers to the world 15 Supporting our customers 16 ¡¡Vingroup 16 ¡¡Mobile World Joint Stock Company 16 ¡¡Deutsches Haus Ho Chi Minh City 17 ¡¡Beijiang Vietnam Textile Co., Ltd (BJV) 17 Our innovation 18 Our contribution to society 20 ¡¡Our work for the community 22 ¡¡Our Corporate Sustainability projects 23 y¡Maker Academy – Let’s innovate 23 y¡HSBC Water Programme 24 Awards 26 04 Our history in Vietnam 2020 is the year HSBC Vietnam celebrates 150 years in this exciting and fast-growing economy. “For 150 years, HSBC’s purpose has never changed. We work to enable businesses to thrive and thereby assist the Vietnamese economy to prosper, with the ultimate objective of helping the people of Vietnam to fulfil their hopes and realise their ambitions. We hope to be here for another 150 years and beyond, actively contributing to the ongoing development of the country.” Tim Evans Chief Executive Officer, HSBC Vietnam 05 ¡¡HSBC opened two new full-service branches in Can Tho and Da Nang. In 1866, The Hongkong and ¡¡HSBC launched Premier, the first globally-linked, Shanghai Banking Corporation comprehensive banking service for mass affluent was represented by agents in HSBC acquired a 10% stake in Bao customers in Vietnam. Premier customers benefited Vietnam, and on 1 April 1870 HSBC opened a full-service Viet Holdings in September 2007. from seamless cross-border banking and could take opened its own office in Saigon branch in the New World Hotel HSBC Vietnam opened a branch The Bank purchased a further 8% their accounts, credit history and banking relationships (now Ho Chi Minh City). in Ho Chi Minh City. in Hanoi in March 2005. of Bao Viet shares in 2010. with them wherever they choose to live and work. 1870 1995 2005 2007 2010 1884 2000 2006 2008 2011 ¡¡HSBC replaced its – and Vietnam’s – first ATM with a In Hai Phong, the Bank was ¡¡HSBC acquired a 10% stake multi-functional ATM, the first of its kind of HSBC in both HSBC Bank plc. signed a Memorandum represented by agents from in the Vietnam Technological Asia and Vietnam. of Understanding on cooperation with 1884, and opened its own and Commercial Joint-stock ¡¡HSBC Vietnam launched its first offsite ATM. Ministry of Finance with the witness of sub-office in the 1920s. Bank (Techcombank). HSBC ¡¡ Mr. Vuong Dinh Hue, Vietnam’s then HSBC was the first HSBC launched its own Credit Card in March 2008, being Finance Minister. raised its stake in the first foreign bank to launch a credit card in Vietnam. foreign custodian Techcombank to 20% in bank to be licensed by August 2008. ¡¡HSBC was the first foreign bank in Vietnam to obtain official the State Securities ¡¡ approval from the State Bank of Vietnam to set up a Wholly Commission to operate HSBC signed a Memorandum Foreign Owned Bank in the country. The new entity started in Vietnam’s securities of Understanding of its operation on 1 January 2009. cooperation with Ministry market. HSBC Securities ¡¡ Services has the largest of Finance with the witness of HSBC signed a Memorandum of Understanding with and most diversified Mr. Vu Van Ninh, Vietnam’s Vietnam Post Corporation (VNPOST). VNPOST provides portfolio of leading Finance Minister then. VND Collection and Payment services for HSBC’s customers, increasing HSBC’s total collecting points in global clients spanning ¡¡ HSBC Vietnam won the Best Foreign Bank award from the country to around 20,000. global custodians, FinanceAsia for the first time. In 2020 HSBC Vietnam broker-dealers, private won the award for the 14th time in 15 years. ¡¡HSBC opened its new flagship branch in Hanoi in Pacific banks, investment Place in June 2008. banks, insurance companies and asset managers. 06 ¡¡In February, HSBC’s Group Chairman Mark Tucker visited Vietnam, confirming HSBC’s long-term commitment to the country in meetings with Vietnam’s leaders. He also witnessed a ceremony in which HSBC Vietnam was awarded the Government’s Emulation Flag and the State Bank of Vietnam’s Certificate of Excellence Labour Collective for its achievement and contribution to the banking sector. ¡¡HSBC Vietnam executed a live blockchain Letter-of-Credit transaction, the first of its kind in Vietnam. ¡¡HSBC deployed HSBC Supply Chain Finance on a web-based ¡¡HSBC launched the Purchasing Managers’ ¡¡HSBC was the first bank in platform for the first time in Vietnam. IndexTM in Vietnam. PMIs are among the Vietnam to launch Touch ID, ¡¡HSBC launched Vietnam’s first Omni Channel Collections most closely watched surveys in the world enabling corporate clients to use Solution, a dynamic service that supports businesses, and essential data for economic analysts, biometric recognition technology providing multiple payment options on one single platform. financial market players and other decision to access their accounts through makers such as central banks. the HSBCnet Mobile app. ¡¡HSBC Vietnam introduced its new Mobile ¡¡HSBC was the first bank in Banking service, making banking even more Vietnam to launch HSBC Evolve, convenient. It enables customers to use an e-FX platform that gives their smartphones to connect quickly and corporate customers easy online securely to their personal banking accounts. access to pricing of FX products. 2012 2 017 2019 Together we thrive 2014 2018 2020 ¡¡HSBC arranged a US$112 million loan with Deutsche Pfandbriefbank AG that ¡¡HSBC acted as joint book runner for the US$1.35 billion ¡¡HSBC Vietnam launches a VND12 billion community relief enabled Vietnam Airlines to purchase new aircrafts. The transaction was supported IPO of Vinhomes JSC. This was the largest ever equity programme to assist those parts of society most adversely by Euler Hermes, the global credit insurance company and guaranteed by the offering in Vietnam and HSBC’s first ECM transaction impacted by the Covid-19 pandemic. Ministry of Finance. in Vietnam. ¡¡HSBC rolled out a green financing for Duy Tan Plastics Recycling, ¡¡HSBC served as joint bookrunners and dealer managers for the issue of US$1 billion ¡¡HSBC signed a US$950 million financing package for the first green loan for a local corporate under HSBC Group’s 10-year Global Bonds of the Ministry of Finance, on behalf of the Government. 12 years for VinFast, an automobile and motorcycle commitment of US$100 billion of sustainable finance and This was the first international US$ offering from the Vietnam Government since manufacturing plant established by the Vingroup Joint investment until 2025. January 2010. Stock Company. This was the first and largest ECA ¡¡HSBC Vietnam became the first foreign bank to issue bonds in ¡¡Pham Hong Hai was appointed CEO of HSBC Bank (Vietnam) Ltd. He was the first financing deal for a local private company, and opened Vietnam with a total amount of VND600 billion. Named after Vietnamese person to head the operations of HSBC in Vietnam. up new financing windows for other Vietnamese Vietnam’s national flower, the Lotus bond has a tenor of 3 years. companies in the future. 07 Our products and services Wholesale Banking HSBC Commercial & Investment Banking, which operates under a Wholesale Banking coverage model, is considered to be the largest and most diversified franchise in Vietnam with approximately 200 employees serving more than 1,100 clients from medium to large local corporates and leading multi-national companies in different industries, including Fast Moving Consumer Goods, Technology, Electronics, Real Estate and Oil and Energy as well as financial institutions, offshore investment funds and banks.
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