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HSBC celebrates 10th year in Vietnam
30 October 2002
Sir Keith Whitson, Group Chief Executive of HSBC Holdings, is visiting Ho Chi Minh City this month to join staff celebrating HSBC's 10 year anniversary in Vietnam.
"With its fast developing economy, no wonder Vietnam is gaining increasing attention from foreign businesses from all over the world," he said. "Vietnam has shown itself to be highly adaptable in the recent years and has established itself as a growing presence in Asia. As an international financial institution, we are pleased that we have a role to play in this fast-developing market. We have long supported the development of the local banking industry and we are keen stay here for the long run to participate in this growing economy."
HSBC has had a long history in Vietnam, dating back to its first office in Ho Chi Minh city in 1870. The branch operated for over 100 years, until its closure in 1975. In 1992, the bank opened representative offices in Ho Chi Minh City, which became a full-service branch in August 1995, and Hanoi.
HSBC offers a range of personal, corporate and investment banking services in Vietnam.
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