HSBC (Vietnam) Ltd. ((HSBC Vietnam) was named the Best for Overall Market Share in Vietnam in the Euromoney Foreign Exchange Survey 2013.

The news was announced on May 28 by the bank, which added that 2013 is the third consecutive year that HSBC Vietnam has been honoured with the award.

The award is attributed to the significant investment that the bank has made in upgrading its pricing and distribution platform as well as providing the best services and innovative solutions to satisfy clients’ requirements, said HSBC Deputy Managing Director Pham Hong Hai.

The bank executive complemented the bank’s dynamic sales team which is able to offer customers with suitable advices and solutions for foreign exchange, adding that HSBC is the first 100 percent foreign-owned bank to provide an e-platform for the onshore foreign exchange market.

According to Hai, HSBC Vietnam has also greatly benefited from foreign currency exchange specialists, who thoroughly study the market and provide regular currency forecasts.

He noted that the anticipated monthly reports such as “ Vietnam at a Glance” and “Currency Outlook” reflected the bank’s levels of expertise and up-to-date analysis.

In 2012, Euromoney named HSBC as Best Domestic Cash Management Bank in Vietnam .

Euromoney, a London-based financial communications company, is one of the world’s leading publication for the global banking and capital markets.-VNA