VOV.VN - Joseph Incalcaterra, chief economist for ASEAN at the HSBC Global Research has hailed Vietnam’s handling of the virus, as saying that its response to the pandemic allowed the country to maintain its reputation as a “very good destination” for foreign direct investment.

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).

VOV.VN - Vietnamese firms remain more optimistic regarding positive growth and international trade in comparison to their global peers despite the challenges caused by the novel coronavirus (COVID-19), according to the latest HSBC Navigator: Now, Next and How report.

HSBC Vietnam has teamed up with World Wide Fund For Nature (WWF) Vietnam in rolling out a project worth VND10 billion (US$431,800) to recover submerged forests at the Ca Mau Cape National Park in the southernmost province of Ca Mau.

Vietnam stands out as the only ASEAN economy to achieve positive growth in 2020 and rebound to an 8.1% growth rate in 2021 – the highest in Asia, the Hong Kong Shanghai Banking Corporation (HSBC) said in a recent report.

HSBC has issued VND600 billion (US$25.7 million) worth of bonds, becoming the first foreign bank to do so in Vietnam.

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.