Update news HSBC

Vietnam continues to strengthen its brand by accelerating national vaccine roll out program for its people and being one of the first markets to reopen in the post-pandemic period, told Tim Evans, CEO of HSBC Vietnam.

HSBC lowers Vietnam’s inflation forecast to 3.5 percent

HSBC has lowered its forecast on Vietnam’s inflation rate in 2022 to 3.5% from its earlier prediction of 3.7% due to the stable domestic food price, according to a report released on June 14.

Foreign investors will soon return to Vietnam's stock market: HSBC

Vietnam’s stock market is expected to continue to grow, helped by strong economic growth and increasing local liquidity. The positive outlook will attract foreign investors back to the market, according to HSBC.

Vietnam to be among top growth performers again in 2021: HSBC

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 in strong position to defend against external shocks: HSBC

With fewer concerns about currency and external stability, Vietnam’s central bank is likely to be more comfortable with delivering interest rate cuts to support growth.

Lender attitudes shift on coal-fired ventures

A handful of international financial groups have cut their ties with coal-fired power plants – a sustainability move as investors and the public demand strong action on climate change.

HSBC signals mass job cuts as profits plunge

Interim chief executive Noel Quinn reveals extensive job cuts and restructuring to shake up the bank.

Foreign financiers deepens engagement in Vietnamese market

Rising foreign investment flow in Vietnam has prompted overseas banks to expand operation in the country.

World Bank maintains Vietnam’s GDP growth forecast at 6.5% in 2020

In 2020, the country’s domestic demand is set to benefit from generally supportive financial conditions amid low inflation and robust capital flows.

Pushing forward with reform is essential for Vietnam to buttress growth: HSBC

HSBC expected Vietnam’s economic outlook to remain positive and GDP to grow 6.6% in 2020.

HSBC economists report on Vietnam’s prospects during 10-day visit

Limited land and labor resources, increasing wages and a lack of local suppliers in Vietnam could make the cost/benefit equation less attractive for FD) firms in the foreseeable future, HSBC said in its latest Asia Frontier Insights report.


Vietnam’s role in reshaping Asian supply chains is growing: HSBC

While the recent trade tensions have merely accelerated the movement of supply chains to Vietnam, they were not the trigger.

Private consumption now Vietnam’s main growth driver: HSBC

Vietnam has the second-largest consumption share in ASEAN, with the potential to outpace the Philippines soon. 

Vietnam among top ten countries for expats: HSBC

Vietnam ranks 10th among best destinations for expatriate workers to live and work, according to HSBC’s Expat 2019 Global Report released recently.


Int’l economists optimistic of Vietnam’s GDP growth

Economists are upgrading their growth projections for Vietnam after the latest data showed the economy surged more than 7 percent in the third quarter, according to Bloomberg.


Vietnam becomes among most livable countries for expats

Vietnam has recently been listed among the world’s 10 best countries for expatriates in a recent survey by the bank HSBC.

Vietnam named among world’s top ten destinations for expats

Many receive salary increases which, given the relatively low cost of living, provide them with far more spending power to enjoy everything the country has to offer.

Vietnam’s inflation to moderate to 2.7% in 2019: HSBC

After recording its slowest pace in more than three year last month, Viet Nam’s inflation is forecast to hit only 2.7 per cent in 2019 after standing at 3.5 per cent last year.


Major US hotel operators plan expansion in Vietnam

A lot of people from China, South Korea, even Japan are buying resort properties in Vietnam, which is considered a sign of an attractive market to investors.


Vietnam likely to benefit from worldwide shift in production capacity: HSBC

However, to convert its much-touted supply chain potential, Vietnam needs to build more visibility and credibility amongst international firms.