The Hong Kong and Shanghai Banking Corp (HSBC) Vietnam has been named Best Sub-custodian and Best Domestic Custodian in Vietnam by Asset Magazine in its Triple A Country Awards for 2012.

The awards are presented for banks which have the capacity to provide the best custody services and smooth handling of exceptional items as well as constantly improve and expand products and services for customers.

HSBC Vietnam is the first 100 percent foreign-invested bank licensed to perform custody services in Vietnam and also a leading provider of custody services for foreign institutional firms and domestic fund managers.

Director General of HSBC Vietnam Sumit Dutta said the two prizes are an acknowledgement of the bank’s efforts. They also show the high appreciation of customers for HSBC’s help in accessing Vietnam ’s market.-VNA