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HSBC opens new flagship branch in Vietnam   2008-06-19 - VNA

The Hong Kong and Shanghai Banking Corporation (HSBC) in Vietnam has officially opened its biggest branch to date in Ha Noi.

The new branch is dedicated to serving the bank’s growing number of personal and commercial customers in the capital city, said a press release on June 17 by the HSBC in Hong Kong .

The HSBC branch features the latest in ATM technology, allowing both for deposits and withdrawals, as well as numerous manned banking counters serving VIP personal and commercial banking customers.

HSBC President and CEO in Vietnam Thomas Tobin said that with 10 percent of the country’s 85 million people with bank account, Vietnam is a particularly exciting financial services market which exhibits a lot of potential.

HSBC was one of first foreign banks to be permitted in March to open wholly foreign invested subsidiary bank in Vietnam’s rapidly growing financial market.

It also successfully linked their Automated Teller Machine (ATM) networks with Vietnam Technological and Commercial Joint Stock Bank (Techcombank) last month. With the linkage, the total number of machines in the shared network between the two banks is expected to reach over 450 by the end of 2008 from the current 317.

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