Vietnam central bank unlikely to raise interest rates: HSBC
The State Bank of Vietnam (SBV), the country’s central bank, is not expected to hike interest rates despite pressures from rising inflation and the dong devaluation, said HSBC researchers.
Banking - Fri, May 10, 2024 | 9:42 am
Former HSBC Vietnam CEO to run mid-sized bank OCB
Pham Hong Hai, former CEO of HSBC Vietnam, has been appointed acting general director of Ho Chi Minh City-based Orient Commercial JS Bank (OCB).
Banking - Sat, May 4, 2024 | 10:49 am
ESG rules must be tightened to unlock green capital flows: HSBC exec
Lam Thuy Nga, country head of large corporate, wholesale banking at HSBC Vietnam, shares her thoughts from the Vietnam Connect Forum 2024.
Consulting - Tue, April 23, 2024 | 11:05 am
Shinhan Bank Vietnam’s 2023 net profit up 22% to $181 mln
Shinhan Bank Vietnam, wholly owned by South Korea’s Shinhan Bank, earned a net profit of VND4.52 trillion ($181.2 million) in 2023, up 22.1% year-on-year, with all major indicators showing improvements.
Banking - Sun, April 7, 2024 | 8:00 am
Vietnam economy sees brighter growth prospects in 2024 amid uneven Q1 recovery: HSBC
Vietnam’s recovery story remains intact but uneven as domestic-oriented services lag behind external-facing sectors, HSBC researchers have said, highlighting better growth prospects for this year.
Economy - Sat, April 6, 2024 | 10:43 am
HSBC Vietnam records $208 mln post-tax profit in 2023, up 40%
HSBC Bank (Vietnam) Ltd., under London-headquartered lender HSBC, recorded a post-tax profit of VND5,189.1 billion ($207.5 million) in 2023, up 40.2% year-on-year, according to the bank’s financial statements.
Banking - Thu, April 4, 2024 | 11:54 am
90% of firms in Vietnam plan more investment inside ASEAN: HSBC survey
Up to 87% of businesses in Vietnam plan to invest more inside ASEAN, while 69% of them plan to do so outside the 10-nation bloc, according to an HSBC survey of financial decision-makers in the region’s six biggest economies.
Industries - Wed, April 3, 2024 | 4:33 pm
WB retains 2024 growth forecast for Vietnam at 5.5% despite Q1 surge
The World Bank has kept its growth projections for Vietnam’s GDP at 5.5% for 2024 and 6% for 2025, unchanged from its forecasts in October 2023, despite the country’s Q1 growth hitting a five-year high on a quarterly basis.
Economy - Mon, April 1, 2024 | 10:54 am
Foreign banks oppose Van Thinh Phat chairwoman’s proposal to sell Capital Place building in Hanoi
HSBC and OCBC Bank Singapore have opposed a proposal by Truong My Lan, chairwoman of real estate developer Van Thinh Phat, to sell the Capital Place building in Hanoi to remedy the consequences she had caused in a scam.
Society - Sat, March 30, 2024 | 3:27 pm
Vietnam to be a key player in global agriculture: HSBC exec
The World Economic Forum (WEF) last year selected Vietnam as one of the first three countries to pilot the Food Innovation Hub, a flagship initiative of the Food Action Alliance designed to improve sustainability in food production, writes Surajit Rakshit, country head of global trade and receivables finance, HSBC Vietnam.
Economy - Thu, March 21, 2024 | 10:06 pm
Remove roadblocks to lure foreign investment into Vietnam: HSBC exec
Vietnam's strategy to attract additional FDI into Vietnam should start with understanding the competitive landscape between Vietnam and the rest of ASEAN, writes Tim Evans, CEO of HSBC Vietnam.
Consulting - Tue, March 5, 2024 | 1:50 pm
HSBC Vietnam guides Gene Solutions to optimize treasury management, financing needs
HSBC Vietnam has recently entered a strategic partnership with Vietnam-headquartered Gene Solutions, a regional biotechnology company focusing on oncology and pregnant women’s health, under which the former will provide banking solutions that support the upgrade Gene Solutions’ operations.
Companies - Fri, March 1, 2024 | 10:38 am
Rise of emerging middle class catches interest of foreign firms looking for profits in Vietnam: HSBC
The proliferation of an emerging middle class has not gone unnoticed by international firms that look to capitalize on the rising demand for spending by Vietnamese households and a strong pickup in Japan’s FDI in retail and financial services is a notable example, write HSBC analysts in their "Vietnam at a glance: Consumer pulse check" report.
Consulting - Thu, February 8, 2024 | 12:59 pm
Vietnam to gain from strong FDI in technology, consumer electronics
In ASEAN, Indonesia and Thailand are key beneficiaries of FDI inflow into the electric vehicle (EV) sector, while Singapore, Vietnam and Malaysia stand to gain from strong FDI in the technology and consumer electronic industries, writes James Cheo, chief investment officer, Southeast Asia and India, HSBC Global Private Banking and Wealth.
Consulting - Mon, January 29, 2024 | 11:07 pm
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