Vietnam posted the fastest growth in Asia in 2020 and will once again be among the most outstanding performers in the region this year, according to the Hong Kong Shanghai Banking Corporation (HSBC).
Vietnam has been successful in controlling COVID-19 in 2020 and is likely to keep the situation contained next year, said Joseph Incalcaterra, chief economist for ASEAN at the HSBC Global Research, on an article recently published on www.dailymirror.uk.
Vietnam posted the fastest growth in Asia in 2020 and will once again be among the most outstanding performers in the region this year, according to the Hong Kong Shanghai Banking Corporation (HSBC).
Vietnam is working hard to build a stable and transparent investment and business environment, thus becoming a destination for international human and capital resources, so it would be unreasonable for the country to devaluate its currency, experts have said.
The Singapore Fintech Festival (SFF) is an annual fintech event organized by the Monetary Authority of Singapore, held in conjunction with the Singapore Week of Innovation & TeCHnology (SWITCH).
Foreign media outlets have run various headlines on the signing of the world’s largest trade deal – the Regional Comprehensive Economic Partnership (RCEP), with ASEAN at the centre during the grouping’s summit virtually hosted by Vietnam as ASEAN 2020 Chair last week.
HSBC Vietnam has teamed up with World Wide Fund For Nature (WWF) Vietnam in rolling out a project worth 10 billion VND (431,800 USD) to recover submerged forests at the Ca Mau Cape National Park in the southernmost province of Ca Mau.
Vietnam and the United Kingdom have enjoyed good growth in bilateral trade, increasing 3.5 times over the last decade. In 2017, bilateral trade hit 6.2 billion USD.
Vietnam stands out as the only ASEAN economy to achieve positive growth in 2020 and rebound to an 8.1 percent growth rate in 2021 – the highest in Asia, the Hong Kong Shanghai Banking Corporation (HSBC) said in a recent report.
HDBank has recently obtained the "Best Domestic Retail Bank" award by Asian Banking & Finance magazine, for the second consecutive year, for its impressive performance in the retail segment with modern products and services meeting the diverse needs of millions of local and foreign clients.
Interest rates of home loans at commercial banks have tended to reduce significantly since the second half of July due to low capital demand from business and production.
The International Finance Corporation (IFC), a member of the World Bank Group, announced on August 11 that it will provide a 70 million USD loan to Indo Trans Logistics Corporation (ITL Corp), with the aim of improving logistics, trade and competitiveness in Vietnam’s economy amid the COVID-19 pandemic.
Vietnam is expected to continue growing its share of global exports despite decline amid the resurgence in the COVID-19 pandemic after three months of no local transmissions, according to an HSBC report.
Vietnam’s effective COVID-19 control measures to date and gradual yet prudent reopening has enhanced its attractiveness as a business destination, HSBC said in its Navigator report themed “Building Back Better”, released on July 21.
Thailand is planning to reopen its borders to tourists from countries which have comparably low coronavirus infections as it is striving to revitalise the pandemic-hit tourism industry.
Business and investment opportunities in Vietnam after the COVID-19 pandemic were discussed at a video talk held on May 29 by the Foreign Ministry, the Vietnamese Embassy in the UK and Asia House - a UK centre of expertise on trade, investment and public policy in Asia.
A Vietnamese delegation led by Minister of Planning and Investment Nguyen Chi Dung had working trips to the UK and India from February 23 to March 1 to boost cooperation in economy, trade and investment.
Like many other Asian countries, Vietnam is racing its regional counterparts to spur economic innovation with artificial intelligence (AI). Experts say voice recognition technology, AI, blockchain and big data will be major trends in 2020.
International media outlets have highlighted Vietnam’s thriving economy which is among the fastest-growing in Southeast Asia in 2019 amid the global economic slowdown.
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