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.
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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.
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.
Tim Evans will now join HSBC Vietnam as new CEO, replacing his predecessor Pham Hong Hai, who held the role for the past 4.5 years.
The London-based bank has launched its web-based supply chain finance in Vietnam to enhance trade experience for both buyers and suppliers.
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.
HSBC Vietnam customers will enjoy the green loan with special interest rates starting from 11.99 per cent a year when they borrow to install their rooftop solar energy system.
HSBC’s new service is expected to shorten customs procedures for import – export activities of businesses, reduce storage costs and enhance the overall customer experience.
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Joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, Vietnam will not only commit to open the market, remove tariff barrier, promote trade liberalization and facilitation but also promote the publicity and transparency of state management in market development.
