VOV.VN - Despite Vietnam’s GDP in the second quarter rising by a higher-than-expected pace of 4.1% on-year, HSBC reduced the growth forecast for 2023 to 5.0% from the previous figure of 5.2% due to mounting broad-based challenges, according to July’s HSBC report “Vietnam at a glance”.

The stock market has reportedly shown positive response to recent interest rate cuts.

The HSBC Vietnam will support Dat Bike Vietnam Co. in digitalising its financial operations and taking initial steps into the international financial market.

HSBC Bank (Vietnam) Ltd. (HSBC Vietnam) has recently become the first bank in Vietnam to obtain the LEED Gold certification, demonstrating its commitment to Vietnam's net-zero transition.

The State Bank of Vietnam (SBV) has delivered cuts to its policy rate three times in less than three months, each time of 50 basis points, to assist the country’s economic growth via the credit channel.

Agriculture has long been the backbone of Vietnam’s economy for a number of comparative advantages, such as cultivated land, forest cover, sea territories, tropical climate, and available and cost effective labour, according to Surajit Rakshit, head of Global Trade and Receivables Finance, HSBC Vietnam.

VOV.VN - Despite a number challenges hampering growth, the Vietnamese services sector remains a bright spot, partially offsetting some external weaknesses, according to “Vietnam’s May trade data” report recently released by HSBC.

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-ASEAN 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.

VOV.VN - The nation is rapidly becoming an attractive retail market for companies globally, particularly as many regional and global FDI investors recently revealed their plans to increase capital and expand distribution networks in the Vietnamese market.