Vietnam

The 33rd annual Asiamoney Brokers Poll is a Vox Populi poll that identifies the leading brokerages for equities research, sales and trading in Asia. Voters are institutional investors who represent fund management firms, wealth managers, hedge funds, pension funds, and insurance companies that trade in Asia.

Vietnam’s latest digital bank Cake is the talk of the town and has attracted more than 1.5 million customers in just over a year. Now, its chief executive wants to challenge banks in southeast Asia.

There’s a new player in Vietnam and it’s disrupting the banking industry, snapping up customers at a rapid clip, and slowly but surely grabbing a bigger piece of the pie.

Standard Chartered’s credentials in the environment, social and governance field are well known. Like many others, the bank has committed to reach zero carbon emissions from its operations by 2030 and from its financing 20 years later.

HSBC, which opened in Vietnam in 1995, is now a full-scale bank with a solid franchise. It wins Asiamoney’s award for best international bank in Vietnam thanks to the kind of advice it offered clients in the past year, stressing the need to stay focused rather than chasing every opportunity in this fast-growing economy.

Viet Capital Securities has become Vietnam’s leading investment bank and brokerage house since it was set up 15 years ago.

Saigon-Hanoi Commercial Joint Stock Bank’s corporate social responsibility programme marries caring for the community with ecological and environmental protection.

Small and medium-sized enterprises are essential for economic development and job creation in most economies. But in a frontier market like Vietnam, they are even more critical, so it is important that banks cater to their needs.