HSBC Vietnam and other financial institutions have agreed to provide a syndicated loan worth US$700 million, with a greenshoe option of US$300 million, for the Vietnam Technological and Commercial Joint Stock Bank (Techcombank).
HSBC Global Research expects Vietnam to be among the region's top growing nations, as it was one of the world's few countries to record growth in two consecutive years since the COVID-19 pandemic broke out.
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.
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.
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.
VOV.VN - In support of the Vietnam Government’s aspiring climate goals and COP26 commitment to become a net zero economy by 2050, HSBC Vietnam has announced its commitment to arranging US$12 billion of direct and indirect sustainable financing for Vietnam and corporate sector in Vietnam by 2030.
VOV.VN - HSBC Vietnam has launched its first credit card made from recycled Polyvinyl chloride (rPVC) in Vietnam.
Capital flows into green growth projects have still seen positive signals despite adverse impacts from the COVID-19 pandemic on foreign direct investment (FDI) in Vietnam.
VOV.VN - The Vietnamese market will remain an attractive investment destination for foreign investors moving forward, the Hong Kong Shanghai Banking Corporation (HSBC) Vietnam said in its monthly macroeconomic update for September 2021.