The initial target of $375 million was upsized to $600 million on the back of strong market response.
HSBC Vietnam recently gave Dong Hai Joint Stock Company of Ben Tre (DOHACO) a VND200 billion short term green trade loan, further expanding its green strategy in the paper manufacturing.
Vietnam is recovering strongly with the economy is shifting from survival mode to growth mode. However, if Vietnam is to reach its full potential in the coming years, it will have to effectively navigate a number of global mega-trends that will shape its future, according to CEO of HSBC Vietnam Tim Evans.
Companies in different economic sectors has shown a strong shift towards sustainable development, paving the way towards the realisation of Vietnam's net zero targets by 2025.
HSBC remains positive about the prospects of Vietnam’s stock market in 2022 as well as in the long term. HSBC Global Research forecasts VN-Index will reach 1,850 points in 2022.
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 up to $12 billions of direct and indirect sustainable financing for Vietnam, and the corporate sector in Vietnam by 2030.
HSBC’s forecast for the country's GDP growth this year has been amended to 5.1 per cent, reflecting the severe impact of the latest Covid-19 outbreak.
The London-based bank has launched its web-based supply chain finance in Vietnam to enhance trade experience for both buyers and suppliers.
The first live blockchain Letter of Credit (LC) has been facilitated between Vietnam’s Duy Tan Plastics and INEOS Styrolution Korea Ltd., marking the pilot digital transformation for trade finance between the two nations.
The strong commitment to an open, fair and rules-based trade of the EVFTA will further widen export markets for Vietnam, especially in textile and garment, agriculture and fishery, and wood furniture, says HSBC Vietnam CEO Pham Hong Hai.
