HSBC discusses Vietnam's role in supply chain relocation and outlined essential strategies for the country to enhance its appeal for attracting and retaining FDI.
According to HSBC, Vietnam is not immune to a notable global trade slowdown – in other words, “pay-back” time has arrived.
Plastics & Rubber Vietnam 2022 – Vietnam’s leading event on plastic & rubber technology, raw materials & equipment, and machinery will officially take place between July 6th - 8th.
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.
Despite the optimism when Vietnam saw a rosy start to 2022, it is facing multiple challenges given elevated global energy prices, HSBC said in its latest report.
Many big European businesses revealed its expansion plan in Vietnam, showing that Vietnam plays a crucial part in their production and consumption markets.
European business leaders in Vietnam are more optimistic about the country’s business environment following the ending of lockdowns and the ‘new normal’ of post-pandemic trade and investment.
HSBC expects rising housing prices to constrain the SBV’s ability to deliver any further rate cuts.
In per-labour-force terms, consumer debt even jumped from 41 per cent of income in 2013 to more than 100 per cent in 2020, according to HSBC.
European business leaders ended 2020 more optimistic about Vietnam’s trade and investment environment than at any point since the outbreak of Covid-19, according to the Business Climate Index (BCI) from the European Chamber of Commerce.
The European Chamber of Commerce (EuroCham) and the Vietnam Chamber of Commerce and Industry (VCCI) has established a new bilateral forum to support the smooth and successful implementation of the EU - Vietnam free trade agreement (EVFTA).
Though it has been a difficult year so far, effective Covid-19 containment and the recently ratified EU Vietnam Free Trade Agreement (EVFTA) has bolstered global industrial investor confidence in Vietnam. The property segment most resilient to Covid-19 has further significant growth potential.
European business leaders were more positive about Vietnam’s trade and investment environment in the first few months after Covid-19, according to data from the Business Climate Index (BCI) of the European Chamber of Commerce in Vietnam (EuroCham).
Despite rising trade protectionism worldwide, Vietnam continues to set new export records and has emerged as the next manufacturing hub, CBRE said.
