Inflation seen as key near-term challenge for Vietnam’s economy: HSBC
Over the past month, 10 out of 11 major consumer goods categories saw price increases.
Over the past month, 10 out of 11 major consumer goods categories saw price increases.
With FDI accounting for more than 70% of exports, Vietnam has successfully transformed over time into an export-driven and FDI-reliant economy.
As early as 2023, a growing number of global intra-Asian multinationals are looking to either expand or make new investments in the country.
The partnership would open up opportunities for the Vietnamese Government to leverage resources from financial institutions, industry associations, and technical experts toward sustainable development.
The financing deal marks the largest mid- to long-term syndicated term loan facility ever raised by a commercial bank in Vietnam.
Vietnam continues to benefit from its broad re-opening strategy, which saw a huge crowd flocking to tourist hotspots in the country and household spending rebound.
With Vietnam’s strong commitment at the COP26 last November to reach net-zero by 2050, the development and investment in renewable energy projects are of strategic national importance.
Despite the risk of Omicron, Vietnam’s economy is expected to rebound strongly with a GDP growth of 6.5% this year from a modest of 2.58% in 2021.
HSBC Vietnam will mobilize funds from local and international financial markets to provide a wide range of sustainable solutions in green finance, debt finance, supply chain, trade, green deposits, and investment products.