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Vietnam’s services sector remains a bright spot, partially offsetting some external weakness, according to a report released by HSBC Vietnam on May 31.

After a sluggish GDP performance in the first quarter this year, Vietnam is still not out of the woods yet. In particular, it has not seen the light at the end of the tunnel on the trade front, according to an HSBC report.

After a sluggish GDP performance in the first quarter this year, Vietnam is still not out of the woods yet. In particular, it has not seen the light at the end of the tunnel on the trade front, according to an HSBC report.

Although Vietnam always eyes to attract investors from US and Europe, intra-Asian investors are so important to the country, especially since foreign direct investment (FDI) is slowing down globally due to the COVID-19 pandemic’s impacts and geopolitical conflicts.

Vietnam is becoming an attractive retail market for companies all over the world with many regional and global FDI investors recently announcing plans to increase capital and expand distribution networks here.

Deputy Prime Minister Tran Hong Ha on February 15 called on the Hongkong and Shanghai Banking Corporation Limited (HSBC) to actively join green transformation and green projects in Vietnam, when receiving Surendra Rosha, Co-Chief Executive of HSBC Asia-Pacific.

Despite near-term trade headwinds, tourism has emerged as a source of growth for Vietnam to mitigate the challenges ahead in 2023, according to the “Vietnam at a glance” report released by HSBC on February 6.

Despite near-term trade headwinds, tourism has emerged as a source of growth for Vietnam to mitigate the challenges ahead in 2023, according to the “Vietnam at a glance” report released by HSBC on February 6.

Foreign experts have dubbed the Vietnamese economy as a miracle in Asia and a bright spot of economic growth in Asia-Pacific as a result of the Vietnamese Government’s sound and effective economic management policies.

HSBC has raised Vietnam’s growth forecast from 7.6% to 8.1% this year but revised down the forecast for next year from 6% to 5.8%.

HSBC has raised Vietnam’s growth forecast from 7.6% to 8.1% this year but revised down the forecast for next year from 6% to 5.8%.

HSBC Bank (Vietnam) Ltd. and the Ministry of Natural Resources and Environment (MoNRE) on November 8 exchanged a Memorandum of Understanding (MoU) to collaborate on the Environment, Social, and Governance (ESG) agenda.

Vietnam’s economic recovery will be stronger in the second half of 2022, particularly as the country resumed its tourism activities after a two-year closure, according to Standard Chartered’s latest Vietnam report.

Vietnam saw a year-on-year increase of 17% in exports in the first six months, but it will be hard for overseas shipments to meet expectations in the last half of the year, according to the HSBC.

HSBC experts have predicted that Vietnam's economy will continue to gain traction, despite a less rosy external picture.

Vietnam has become the newest market financed by HSBC’s Female Entrepreneur Fund, which targets the provision of 1 billion USD in funding for eligible female business founders worldwide.

Standard Chartered has forecast Vietnam’s GDP growth at 10.8% in the third quarter and 3.9% in the last quarter of 2022, contributing to annual expansion of 6.7%.

HSBC Vietnam and other financial institutions have agreed to provide a syndicated loan worth 700 million USD, with a greenshoe option of 300 million USD, for the Vietnam Technological and Commercial Joint Stock Bank (Techcombank).

Vietnam has one of the newest and most dynamic start-up scenes in Asia, and it has emerged as a hub for start-ups, according to the recently released Emerging Giants in Asia Pacific report.

HSBC Global Research expects Vietnam to be among the region's top growing nations, as it was one of the world's few countries to record growth in two consecutive years since the COVID-19 pandemic broke out.