FinanceAsia has named Citi Vietnam the Best Corporate Bank for Large Corporates & MNCs, Best Commercial Bank for SMEs, and Best Sustainable Bank in its FinanceAsia Awards 2025, announced on June 17 in Hong Kong.
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Citi’s Corporate Bank delivers the full suite of Citi’s global products to large and multinational corporate clients, while its Commercial Bank supports mid-market enterprises with tailored financial solutions. Photo courtesy of Citi |
In 2024, Citi’s Corporate Banking team served as joint coordinator and joint arranger for a US$521.5 million financing package for PV Power’s Nhon Trach 3 and 4 LNG power projects. This marks the largest corporate financing for a state-owned enterprise in Vietnam without a Ministry of Finance guarantee, and also the longest tenor and most cost-effective deal achieved through a hybrid structure.
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Citi Vietnam awarded Best Corporate Bank 2025 by FinanceAsia. Photo courtesy of Citi |
Citi’s Commercial Bank continued to back mid-sized firms, leading several notable transactions. Among them was the provision of working capital and social finance term loans to an Indian coffee processing company, enabling it to source beans directly from farmers and support local communities.
Additionally, Citi arranged a green trade finance facility for a leading manufacturer in the recycled wastepaper sector, helping the company strengthen its sustainable business practices.
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Pham Huu Hai, Citi Vietnam’s Corporate Banking Head and Hanoi Branch Director. Photo courtesy of Hai |
According to Pham Huu Hai, Citi Vietnam’s Corporate Banking Head and Hanoi Branch Director, “With a physical presence in 94 markets and a network serving clients in over 180 countries and jurisdictions, no other bank matches our global reach.”
“Our deep local expertise, combined with our global product platform and structuring capabilities, enables us to support international clients investing in Vietnam and help Vietnamese clients access global capital markets through innovative solutions. We are honored by FinanceAsia’s recognition of our team’s efforts.”
