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.
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.
Innovative Trade Products
Leverage HSBC TradePay, a simplified, digital trade finance solution that empowers you to draw your loan and make just-in-time payments to suppliers immediately.
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.
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.
Streamlined Business Account Opening
Expanding your business across ASEAN is now hassle free through our streamlined account opening process. Combining our global knowledge with digital innovation, HSBC SmartServe speeds thing up with time-saving features like pre-populated business information, e-signing or tracking capabilities, making the process quick and easy. For more, click here.
Venture Debt
Debt financing solution for fast-growing Venture Capital-backed companies operating across Southeast Asia in the New Economy sector. For more, click here.
New Economy Fund
US$200m pool of assets to support high growth, pre-profit new economy businesses in Singapore with strong equity backing, proven sales track record and with a clear path to profitability. It is designed to offer traditional debt financing options to suit your needs. For more, click here.
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.
ASEAN Desk network
HSBC’s ASEAN Desk network consists of individuals from Europe, Americas, Middle East and Asia desks who speak your language and are here to help you identify growth opportunities to expand your business in and around ASEAN. For Chinese speaking corporates, our China Desk network also provides dedicated support for China based businesses scaling beyond China.
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.
- Asiamoney Best Bank Awards 2023- Best International Bank & Corporate Bank and Best Bank for Digital Solutions in Singapore
- Euromoney Trade Finance Survey 2024 – Market Leader in Trade Finance and Best Service in Singapore
- 2024 Coalition Greenwich- Cash Management Study #2 Share Leader in Singapore
- 2023 Treasury Management International (TMI) Awards for Innovation & Excellence- Best Bank for Trade & Supply Chain in Asia Pacific
- Euromoney Cash Management Survey 2023- Global Market Leader for Financial and Non-Financial Institutions
Why Singapore?
One of the earliest banks to establish in Singapore in 1877, HSBC today is a prominent player in Singapore’s financial services sector serving the international banking needs of multinational corporations, home-grown businesses, and institutional customers.
Familiar with both the local and home country cultures, our China, Germany, France, UK, and US desks are ready to assist you in English and the respective local languages. Our US, Europe and China Desks also provide banking coverage for international subsidiaries. Additionally, our Regional Relationship Managers are experienced in supporting decision makers in their regional expansion. Learn more about our ASEAN network
Singapore is at the heart of a booming region and is highly attractive for foreign investors, and a gateway to Asia. US, Europe, and China Desks provide banking coverage for international subsidiaries. If you’re looking to expand your business into Singapore and ASEAN, discover more details about local taxes, trading, business culture, regional economies, and more. Visit our latest International Business Guide
Keep up to date with the latest insights
Keep your finger on the pulse with our latest research, articles, and podcasts here.
Building on the growth of ASEAN’s services economy
The services sector has emerged as a key engine of growth in Southeast Asia.
Wholesale trade in ASEAN: Fuelling regional commerce and economic integration
Trade is growing faster in the 10-member Association of Southeast Asian Nations (ASEAN) than the worldwide average, thanks to a combination of deft policymaking and demographic dynamics.
Growing Internationally with Carro
Find out how HSBC supported the growth of a Singapore startup to revolutionise the used car marketplace in SE Asia.
Fit for the future: A bright outlook for business growth in ASEAN healthcare
Rising wealth and shifting demographics are reshaping healthcare demand across Southeast Asia. The sea changes brought by more people living longer and entering the middle class will require more and better healthcare solutions, while technology is driving innovation in medicine and delivery.
How businesses in ASEAN are building resilience against supply chain disruption
Digitalisation and sound risk management can help businesses in Southeast Asia guard against further shocks.
Navigating regulatory challenges: A guide for businesses expanding across ASEAN
Rapid digitalisation and the realignment of global supply chains is increasing the importance of the Association of Southeast Asian Nations (ASEAN) to the global economy.
HSBC Business Guide to ASEAN and beyond
Billions of dollars of trade and investment flow between ASEAN and its key corridors and HSBC is committed to supporting its clients with their expansion plans, wherever they may take them.
HSBC’s Business Guide to ASEAN and beyond is a comprehensive resource that provides key information and market insights on the region and key trade corridors, including trade, taxation and ESG, as well as client case studies from the largest economies in ASEAN and its trading partners.
Connect to ASEAN growth opportunities today.
Download the latest corridor reports to learn more the opportunities between ASEAN and specific regions.
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.
Foodpanda reinforces in Asia with new regional headquarters
The food delivery company worked with us to consolidate its regional treasury solutions in Singapore
IFFCO Group sets up a Regional Headquarters in Singapore
We helped IFFCO consolidate their purchasing requirements and business operations to build a regional hub in Singapore.
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 $3 trillion. ASEAN consists of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam, forming a vibrant market for economic development.
ASEAN's International Bank
With our broad international networks and on-the-ground experts, we help you take uncertainty out of ASEAN expansion.
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Business Account Opening
Interested in opening a business account with us?
This form is intended for businesses enquiring about opening an account with us. By providing details about your business, we will review and connect you with one of our Relationship Managers for assistance. All fields are mandatory unless stated otherwise. Please do not enter confidential information such as bank account details here.
If you are an existing customer, please contact your Relationship Manager or our Customer Service Hotline at 1800 216 9008 (Singapore) +65 6216 9008 (From Overseas).
Otherwise, you can also contact us via our Virtual Assistant on our website for general enquiries.
For information on our fees and charges, please refer to our standard tariff here.
- One week account opening can only be achieved if all the right, completed documentation is provided and if the CDD process doesn’t reveal high risk indicators.
- HSBC reserves the right to request documents.
- HSBC TradePay is available in selected sites and subject to prior credit adjudication and approval.
- Payments are subject to processing time.
- The ASEAN Growth Fund will be revised periodically.
- Lending criteria is up to HSBC’s discretion.
ASEAN Statistical Highlights 2023 – ASEAN Org.,
ASEAN DEFA Study – ASEAN Org.
The Association of Southeast Asian Nations (ASEAN)
The content on this page (“ASEAN website”) was prepared by The Hongkong and Shanghai Banking Corporation Limited, Singapore 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.
This ASEAN website does not constitute an offer or solicitation for business outside Singapore, or advice that you should enter into or start using, any of the arrangement, product or services mentioned in this ASEAN website. Recipients should not rely on this ASEAN website in making any decisions and they should make their own independent appraisal of and investigations into the information described in this ASEAN website. No consideration has been given to the particular business objectives, financial situation or particular needs of any recipient. Any examples given are for the purposes of illustration only. The purpose of this ASEAN website is to provide information on ASEAN Markets for corporate clients operating in or have an office operating in those markets, or for clients who wish to expand their operations into those markets.
All the information set out in this ASEAN website is provided in good faith to the best of HSBC’s knowledge and understanding of the current law, rules, regulations, directions and guidelines governing or otherwise applicable to the relevant services offered by HSBC but HSBC makes no guarantee, representation or warranty and accepts no liability as to its accuracy or completeness. Future changes in such law, rules, regulations etc. could affect the information in this ASEAN website but HSBC is under no obligation to keep this information current or to update it. Expressions of opinion are those of HSBC only and are subject to change without notice.
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