Citi wins 2023 Asiamoney’s Best International Bank in Vietnam
Citi wins 2023 Asiamoney’s Best International Bank in Vietnam
Citi Vietnam has been recognised as the Best International Bank in Vietnam in the 2023 Asiamoney Awards.
This prestigious win follows Citi Vietnam’s award in 2022 for Best Corporate Bank from Asiamoney.
The Asiamoney Awards honour banks that have demonstrated exceptional performance across various core banking activities over the past 12 months.
Citi’s remarkable range of offerings and notable activities across corporate and investment banking, treasury and trade solution services, commercial banking, and securities services were highlighted by the publication.
Led by Citi’s country officer Ramachandran A.S, Citi Vietnam serves multinational companies seeking to capitalise on Vietnam's rapid growth and increasing per-capita income.
The bank manages the largest portfolio of Fortune 500 companies in terms of foreign direct investment (FDI) in Vietnam and facilitates annual international trade flows exceeding $90 billion.
Citi Vietnam plays a pivotal role as partner to some of Vietnam's top corporations and financial institutions.
Over the past five years, Citi has successfully raised close to $6 billion from global capital markets to support the growth of its clients in Vietnam.
The bank is a key player in environmental, social, and governance (ESG) financing in the country. Through Citi's contribution in creating sustainable business models, Vietnam's progress towards achieving net-zero emissions is being accelerated.
Citi has collaborated closely with authorities to establish more efficient frameworks for green finance and support Hanoi's carbon-reduction strategy.
Most notably, Citi played a key role in Vietnam’s first voluntary carbon credit (VCC) transaction.
Acting as the offtaker, Citi purchased VCCs from a project developer manufacturing cooking stoves and water purifiers for low-income rural Vietnamese communities.
Additionally, the bank played a pioneering role in arranging and structuring an emissions reduction-linked bond with the World Bank, facilitating prepayment financing for the project developer.
The Asiamoney awards are determined by a team of senior journalists who carefully evaluate detailed submissions from market participants. These decisions are made in conjunction with extensive research conducted by their editorial committee into the banking and capital markets.
