Why HSBC Vietnam?
HSBC is one of the world’s largest banking and financial services organisations. We serve around 38 million customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. Our network covers 67 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.
With around 3,900 offices worldwide, we aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and ultimately helping people to fulfil their hopes and realise their ambitions.
Listed on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by more than 203,000 shareholders in 132 countries and territories.
HSBC in Vietnam
The bank opened its first office in Saigon (now Ho Chi Minh City) in 1870. In August 1995, HSBC opened a full-service branch in Ho Chi Minh City. HSBC also opened its second branch in Hanoi.
On 1 January 2009, HSBC became the first foreign bank to incorporate in Vietnam. The new entity, HSBC Bank (Vietnam) Ltd. is 100 per cent owned by The Hongkong and Shanghai Banking Corporation Limited. HSBC Bank (Vietnam) Ltd. is also the first wholly foreign-owned bank to operate both branches and transaction offices in Vietnam. HSBC is currently one of the largest foreign banks in Vietnam.
With 150 years of experience in Vietnam, HSBC provides a comprehensive range of banking services including Retail Banking and Wealth Management, Wholesale Banking, Global Liquidity and Cash Management, Global Trade and Receivables Finance and Securities Services.
● Retail Banking and Wealth Management
HSBC provides a full range of personal financial services in Vietnam. These include basic banking products such as term deposit, current and savings accounts in local and foreign currencies and access to 13,000 PLUS ATMs nationwide through its credit and debit cards. HSBC offers the best cards based reward scheme in the market through unique merchant discounts on its Home&Away and Priviledged Club platform and the awards redemption scheme linked to its credit cards.
By leveraging on HSBC's global expertise and local knowledge, customers can access personalised solutions which include structured deposits, foreign exchange, overdrafts, payment services, home mortgage loans, home equity loans and personal instalment loans and a wide range of life and general insurance products.
HSBC's flagship Premier proposition is a unique service offering available to the high net worth segment. Premier offers international recognition and a unique internationally connected suite of banking and wealth management solutions aimed to fulfill a client's personal economy.
Our services are available 24/7 through our internet banking, automated telephone banking (ATB) and the Premier customer hotline.
● Wholesale Banking
Since April 2016, Commercial Banking and Global Banking were integrated into a single operating model known as Wholesale Banking. With unmatched global knowledge and local expertise, Relationship Managers and their team members in Wholesale Banking are able to provide a full suite of banking services to domestic and international corporate customers.
Our products and services comprise of transactional account services, liquidity and cash management solutions, trade and receivable finance, bond facilities (tender, performance, advance payment bonds and warranty), working capital and term financing, foreign exchange and interest rate hedging products. Wholesale Banking, being at the forefront of financial markets development, is also able to offer investment banking related solutions such as arranging syndicated and club loans, project and export finance, corporate bond programmes and issuances, origination and execution of corporate finance, mergers and acquisitions assignments.
● Global Liquidity and Cash Management
HSBC's Global Liquidity and Cash Management services are designed to help our customers operate efficiently, profitably and with comprehensive support. We offer account services, transaction and balance, liquidity and delivery management services, covering all cash management and payment needs. The cash-based nature of Vietnam’s financial market requires banks to have extensive and innovative capabilities to handle cash payment and collection for corporate customers. We have established electronic links and agreements with major local banks and Vietnam Post Corporation in Vietnam to utilise their branch networks for the collection and distribution of cash funds throughout the country for our customers.
Worldwide Internet Banking with HSBCnet
HSBC Group's global internet banking system, HSBCnet provides online access to a suite of global markets, research, cash management, securities, trade and commercial banking services.
● Global Trade and Receivables Finance
As one of the largest trade and receivables financing organisations in the world, we have local trade experts available to support our customers wherever they do their business. HSBC Global Trade and Receivables Finance in Vietnam offers full suite of trade solutions ranging from traditional documentation services to highly sophisticated tailor-made solutions to enterprises of all sizes: Documentary Credits (DCs), Documentary Collections, Trade Finance, Structured Trade Finance Solutions, Supplier Finance Solutions.
Particularly our E-solutions for trade are designed to help customers manage their global trade transaction online in real time anywhere and anytime:
- HSBCnet-ITS (Internet Trade Services): the global electronic banking platform, allowing customers to initiate trade transactions (import DC application, import bill instruction and export DC transfer) and access real-time trade account information and facilities at any time and from anywhere.
- Instant@dvice: HSBC is the first bank in Vietnam to provide customers with this uniquely convenient means to receive a copy of import and export transactions by email immediately after approval.
Document Tracker: HSBC is first bank in Vietnam to offer this service which enables customers to quickly track and trace trade documents internationally (sent via DHL) 24 hours a day, 7 days a week, free of charge.
HSBC is one of the biggest dealing rooms in Vietnam with dedicated professionals in fixed income and foreign exchange trading and risk management advisory. We are the largest foreign player in domestic FX market and one of the biggest fixed income trading houses in the country.
HSBC has been the pioneer in providing risk management solutions to corporate and financial institution customers. We are proud to be the first bank in Vietnam to conduct a VND cross currency swap, the first ever VND derivative deal done in Vietnam, laying the foundation for further development of the local currency derivative markets. We also concluded the first ever VND interest rate swap and the first ever VND cross currency swap in the interbank market. We were also the first bank to offer credit-linked investment products linked to Vietnam sovereign risk and other sovereign risks outside Vietnam.
● Securities Services
HSBC was the first foreign bank licensed to provide custody services in Vietnam in July 2000 and is currently the leading custodian bank for foreign institutional investors (FIIs) in Vietnam in terms of number of Securities Trading Codes issued for FIIs, assets under custody, transaction volumes and number of staff. Our custody business provides sub-custody and securities clearing services to global custodians, broker dealers, investment banks, private banks, asset managers and other foreign institutional investors. These services include safe custody (equities, fund certificates and fixed income instruments), settlement (receipt and delivery), corporate action processing, income collection, portfolio and cash reporting, proxy voting, foreign exchange services and other value-added services.
In 2006, HSBC launched fund administration services in Vietnam for local funds servicing both close ended and open ended funds. Our fund administration services include fund valuation and accounting, compliance monitoring, and transfer agency services.
HSBC takes pride in providing a workplace that fosters continuous professional development, flexible working and opportunity for everyone to grow. We want HSBC to be a place where people enjoy working because they feel motivated, valued and supported.
Beside competitive salary, attractive bonus and incentives based on performance, HSBC also offers our preferential staff loans based on purpose to optimize employee financial well-being.
Moreover, we are providing information and resources that enable our employees to be at their physical and mental best, through Annual medical check-up program, Medical Coverage Scheme, HSBC Wellness Programme which focus on monthly talks, wellness classes (Yoga, Dance, Zen…) and work-life coaching.
To help employee forge the careers they want, we are providing supportive development programs to identify, develop and retain talents; creating opportunities for local and international assignment, oversea professional training and development; implementing the resourcing policies on rotation and transfer.
To help our employees enjoy outside working time and get connected, we have organized various programs such as Birthday Celebration, HSBC Movie Night, HSBC Sports Day, Summer Lovin’, Charity Program, HSBC Year-end Party… to build connection with family members and promote networking for our young generation.
At HSBC, our objective is to be the world’s leading international bank. Since its formation in Hong Kong in 1865, the bank has helped to facilitate trade. Today our network covers 72 countries and territories in both established and emerging markets, making us well positioned for future growth as the world economy becomes more connected and trade and capital flows increase.
The potential presented by these changes, together with our size and reach, allow us to offer many opportunities across the organisation for anyone interested in pursuing a fulfilling career that enables you to work with colleagues and customers worldwide. These roles span all major areas within HSBC, from retail, commercial and investment banking to support functions such as finance, human resources, technology and marketing.
We look for people who are ambitious and want to develop their career while making a strong contribution to HSBC’s long-term, sustainable growth. To ensure we achieve this growth in the right way, we place great emphasis on our values, and are committed to applying the highest standards everywhere we do business. We want our people to feel able to speak up for what is right.
We put diversity at the heart of our business. Joining HSBC will give you the chance to work in a collegiate, supportive and inclusive environment in which we seek to develop and promote people based on merit. We will provide you with tailored training and support to help you identify and follow your chosen career path, as well as access to a range of market-competitive benefits.
HSBC Group believes in providing equal opportunities to individuals from all walks of life and strongly encourages suitably qualified people with disabilities to apply. HSBC Group has a wide variety of initiatives to support the diversity of our workforce in their professional growth aspirations.