Citi Vietnam has just snagged a triple crown at the FinanceAsia Awards 2025, earning accolades for being the Best Corporate Bank for Large Corporates & MNCs, the Best Commercial Bank for SMEs, and the Best Sustainable Bank. These prestigious recognitions were revealed on June 17 in Hong Kong, shining a spotlight on the bank’s remarkable performance in the region.
In 2024, Citi’s Corporate Banking team orchestrated a significant financing package amounting to $521.5 million for PV Power’s Nhon Trach 3 and 4 LNG power projects. This landmark transaction stands as the largest corporate financing for a state-owned enterprise in Vietnam, all achieved without the backing of a Ministry of Finance guarantee. Better yet, it features the longest tenor and the most cost-effective terms, innovatively structured through a hybrid approach.
Citi’s Commercial Bank has been instrumental in supporting mid-sized firms, exemplified by its role in facilitating essential working capital and social finance for an Indian coffee processing company. This initiative allows the company to source beans directly from farmers, enhancing community engagement and support.
Likewise, Citi has designed a green trade finance facility for a leading manufacturer in the recycled wastepaper sector, reinforcing the company’s dedication to sustainable practices.
Highlighted by Pham Huu Hai, Citi Vietnam’s Corporate Banking Head and Hanoi Branch Director, the bank’s robust presence in 94 markets and service to clients across over 180 countries sets it apart in the competitive banking landscape. “No other bank matches our global reach,” he affirms.
He adds, “Our extensive local knowledge, paired with our global product platform and structuring expertise, empowers us to assist international clients investing in Vietnam, while also providing innovative solutions for Vietnamese clients seeking access to global capital markets. We are grateful for FinanceAsia’s acknowledgment of our team’s hard work.”
In a world where challenges are evolving, Citi Vietnam seems to have found a winning formula. Who knows, maybe they’ll take their talents to the coffee cup next!
What awards did Citi Vietnam receive at the FinanceAsia Awards 2025?
Citi Vietnam was named the Best Corporate Bank for Large Corporates & MNCs, Best Commercial Bank for SMEs, and Best Sustainable Bank.
What notable financing deal did Citi arrange in 2024?
Citi facilitated a $521.5 million financing package for PV Power’s Nhon Trach 3 and 4 LNG power projects, marking a significant achievement for state-owned enterprises in Vietnam.
How does Citi Vietnam support local businesses?
Citi provides tailored financial solutions to mid-sized firms, including working capital for an Indian coffee processing company and a green trade finance facility for a recycled wastepaper manufacturer.
