One-fifth of Indian companies that have operations in Southeast Asia or expect to do so have plans to expand their businesses in Vietnam in the next two years.
Up to 21% of Indian firms operating or intending to operate in Southeast Asia plan to expand their business in Vietnam in the next two years, and the ratio is 26% among Chinese enterprises, according to a HSBC survey covering more than 1,500 companies from six of the world’s largest economies.
VOV.VN - Deputy Prime Minister Le Minh Khai has shared the nation’s plans to build a low-carbon, green-ecological-sustainable agriculture system with three pillars; ecological agriculture, modern countryside, and smart farmers.
The HSBC has forecast that Vietnam's inflation will increase 3.7%, still below the inflation ceiling of 4% set by the State Bank of Vietnam (SBV).
Vietnam is recovering strongly and there are signs that the economy is shifting from survival to growth mode, said CEO of HSBC Vietnam Tim Evans, stressing the need for the country to effectively navigate global megatrends that will shape its future and ensure that it reaches its full potential.
VOV.VN - Vietnamese economic recovery is likely to be stronger at the end of the second quarter of the year when domestic demand and the tourism sector recovers, according to Standard Chartered Bank.
VOV.VN - The Hong Kong & Shanghai Banking Corporation (HSBC) has moved to lower Vietnam’s GDP growth rate for the year from the previously-projected 6.5% to 6.2% amid fears of rising oil prices globally.
The strong development of the stock market, with rising retail investors and financial investment demand, has prompted many banks to cooperate with securities firms and fund management companies to add more cross-selling products.
HSBC Vietnam has signed a Letter of Intent (LoI) for evaluating and providing financing solutions with the Trungnam Construction Investment Corporation (Trungnam Group), one of the largest renewable energy developers in Vietnam, according to Saigon Giai Phong newspaper.
In a recent report, HSBC adjusted its prediction for Vietnam's inflation this year from 2.7% to 3%, a slight increase but with negligible risk as the economy has shown signs of a strong rebound in the making.