ASEAN’s International Bank

Don’t expand your business across ASEAN, unless you’re with a bank that’s done it before.

ASEAN is a huge opportunity for ambitious businesses, but we also know that with such opportunities come equally varied challenges. With our broad and deep international networks, we can connect you to experienced on-the-ground experts, solutions and more to help you take uncertainty out of expansion.

From its growing consumer base to the rapid rate of digital transformation, expanding your business across ASEAN offers exciting opportunities. You need a partner with an extensive network to help you scale with the full suite of tailored services including access to capital, easy cross-border transactions, advisory services, and more.

Hear from HSBC Philippines’ President and CEO Sandeep Uppal and Head of Wholesale Banking Mimi Concha on the opportunity dawns for foreign investors in the Philippines.

Read the article

We make achieving your ASEAN business growth strategies easier with:

Innovative Trade Products

Across ASEAN, we offer customised and innovative structured trade finance solutions, including supply chain finance, receivables finance, export finance, tailored to help businesses effectively manage and mitigate risks, improve cash flow and optimise their trade operations.

Simple Payment Solutions

Simplify your collections with HSBC Omni Collect, a one-stop solution for your in-store and eCommerce needs. Improve customer experience by enabling multiple payment modes, and monitor transactions online to identify new sales trends.

China Desk Network

HSBC offers our China Desk Network in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam with individual experts based who can speak Chinese and provide valuable insights into local business practices, cultures and legal environments. They can also help clients identify growth opportunities and enter new markets in ASEAN.

Access to Capital with our ASEAN Growth Fund

Tap into the US$1 billion ASEAN Growth Fund, designed for businesses scaling up in the region, offering accessible and strategic debt financing. For more information on criteria’s, please reach out to your HSBC RM or contact us in the form below.

More than 135 Years of Regional Expertise

Harness HSBC’s extensive regional experience. Benefit from local insights, dedicated support, and comprehensive market research for a competitive advantage in ASEAN markets.

Corporate Account Opening across ASEAN

Enjoy hassle free expansion and open up to six ASEAN accounts together with our centrally coordinated team.

Terms and Conditions:

The ASEAN Growth Fund will be revised periodically.
Lending criteria is up to HSBC’s discretion.
One week account opening can only be achieved if all the right, completed documentation is provided and if the Customer Due Diligence process doesn’t reveal high risk indicators.
HSBC reserves the right to request additional documents, subject to local regulatory requirements.
HSBC is able to provide single point of contact service for account opening in markets & territories beyond ASEAN.
You can open an HSBC corporate account in ASEAN, including the Philippines, Singapore, Vietnam, Thailand, Malaysia and Indonesia.

Don’t just take our word for it, we’re award-winning

Recently, we’ve received recognition from leading publications in the financial industry which speaks to our track record as a global bank and the success of our strategy.

Euromoney Trade Finance Survey 2024: Market Leader for Trade Finance in the Philippines (6th consecutive year)
Euromoney Cash Management Survey 2023: Market Leader for Non-Financial Institutions in the Philippines
FinanceAsia Country Awards 2023: Best International Bank in the Philippines
Corporate Treasurer Awards 2022: Best Cash Management Bank and Best Trade Finance Bank in Philippines

Why the Philippines?

HSBC has been in the Philippines for nearly 150 years. We are the market leader in a range of services including trade financing and domestic cash management.

Year of establishment: 1875
Presence: 6 branches and a Global Service Centre
Regional Relationship Managers support regional decision makers with a significant multi-market footprint.

If you’re looking to expand your business into the Philippines and ASEAN, discover more details about local taxes, trading, business culture, regional economies, and more. Visit our latest International Business Guides

Keep up to date with the latest insights

Visit our ASEAN Insights Hub to keep your finger on the pulse with our latest research, articles and podcasts.

Latest insights from ASEAN businesses

Discover new sentiment and focus for ASEAN businesses from our survey of 600 finance decision makers in the region.

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ASEAN in Focus

Our ASEAN in Focus report gives you latest market insights and ambitions of international companies expanding to ASEAN.

Download now

International Business Guides

Discover more about doing business in ASEAN markets and beyond. Get details about taxes, trading, business culture, regional economies, and more.

Download the latest corridor reports to learn more the opportunities between ASEAN and specific regions.

ASEAN-China-India Corridor Outlook

ASEAN-Greater Bay Area (GBA) Corridor Outlook

ASEAN-MENAT Corridor Outlook

How we support our clients

Whether you are expanding to markets across ASEAN or around the world, discover inspiration for your business from our customers’ stories.

Pilmico & Gold Coin

Expanding your business internationally and entering overseas markets is an exciting but challenging journey. Pilmico & Gold Coin grew their business to 8 countries with comprehensive regional treasury support and digital banking solutions from HSBC.

How is Prime Infrastructure supporting sustainable waste management in the Philippines?

Find out how Manila-based Prime Infrastructure is investing in waste management to keep the Philippines’ sustainable development on track.

Find out more

Our ASEAN markets and connections

Read more about our offering across our 6 ASEAN markets.

Learn more about ASEAN

The Association of Southeast Asian Nations (ASEAN), established in 1967, promotes regional cooperation and integration. It drives economic growth and stability in Southeast Asia, with a combined GDP of over US$3 trillion. ASEAN consists of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam, forming a vibrant market for economic development.

Quick ASEAN facts:

Collectively, ASEAN member countries’ populations were the 3rd largest in the world in 2022.
In 2022, the nominal GDP of ASEAN economies reached US$3.6 trillion, positioning it as the 5th largest in the world and the 3rd largest in Asia.
ASEAN’s economies collectively grew by 5.7% in 2022, maintaining an average annual growth rate of 4.4% during 2010-2022.
ASEAN’s total trade in goods increased by 14.9% reaching US$3.8 trillion in 2022.
In 2022, intra-ASEAN remained the primary export destination for the region, accounting for 22.9% of total exports, while China emerged as the largest importer for ASEAN, also at 22.9%.
With a growth of 5.5%, ASEAN remained an attractive hub for investment in 2022, attracting US$224.2 billion in foreign direct investment (FDI).
In 2022, internet subscription across ASEAN member countries rose to 74.3 out of every 100 individuals, up from 66.6 in 2021.
The ASEAN Digital Economy Framework Agreement (DEFA) was endorsed in August 2023 and aims to accelerate ASEAN's transformation into a leading digital economy that fosters greater digital cooperation. It paves the way for regional digital integration and inclusive growth and development.
At the current trajectory, ASEAN’s digital economy will grow 3x to reach US$1Tn+ by 2030.

Interested in expanding your business to ASEAN?

Find out more about how our international network could help you to grow your business in ASEAN.

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Sources

ASEAN Statistical Highlights 2023 – ASEAN Org.,

ASEAN DEFA Study – ASEAN Org.

Disclaimer

The Association of Southeast Asian Nations (ASEAN)

The content on this page (“ASEAN website”) was prepared by The Hongkong and Shanghai Banking Corporation Limited – Philippine Branch (“HSBC” or “we”). The information contained in this ASEAN website is derived from sources we believe to be reliable but which we have not independently verified. HSBC makes no representation or warranty (express or implied) of any nature nor is any responsibility of any kind accepted with respect to the completeness or accuracy of any information, projection, representation or warranty (expressed or implied) in, or omission from, this ASEAN website. No liability is accepted whatsoever for any direct, indirect or consequential loss (whether arising in contract, tort or otherwise) arising from the use of or reliance on this ASEAN website or any information contained herein by the recipient or any third party. If you seek to rely in any way whatsoever upon any content contained in this ASEAN website, you do so at your own risk.

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