hsbc raises vietnams 2024 gdp growth forecast to 65 per cent

HSBC raises Vietnam's 2024 GDP growth forecast to 6.5 per cent

HSBC has raised its 2024 GDP growth forecast for Vietnam to 6.5 per cent (from 6.0 per cent) and maintained its 2025 GDP estimate at 6.5 per cent.
vietnams economy to pick up pace in 2024

Vietnam’s economy to pick up pace in 2024

Vietnam’s economy is maintaining solid growth momentum in 2024 amid global macroeconomic and geopolitical uncertainties.
malaysias leader energy secures hsbc deal for its vietnam portfolio

Malaysia's Leader Energy secures HSBC deal for its Vietnam portfolio

Leader Energy has signed a VND593 billion ($23.3 million) financing deal with HSBC to facilitate the development of solar projects in Vietnam.
gene solutions secures hsbc loan

Gene Solutions secures HSBC loan

Biotechnology firm Gene Solutions has secured a social loan from HSBC to expand its healthcare services in Vietnam and ASEAN.
direct impact of exchange rates on business operations

Direct impact of exchange rates on business operations

Policies are in place to help ensure stability in terms of exchange rates. Duong Bui, FX Trading Associate director for Markets & Securities Services at HSBC Vietnam, shared with VIR’s Nhue Man how upcoming exchange rate fluctuations may affect import-export businesses.
vietnam remains focused on evs for sustainable growth

Vietnam remains focused on EVs for sustainable growth

According to a recent HSBC report, Vietnam is advancing its green energy transition rapidly while prioritising electric vehicles (EVs) as a key driver of sustainable economic growth.
vietnam well placed to benefit from shifting fdi

Vietnam well-placed to benefit from shifting FDI

Amidst evolving supply chain dynamics and intense investing competition, Vietnam continues to emerge as a key player in the Southeast Asian arena. Talking to VIR’s Luu Huong, head of Wholesale Banking at HSBC Vietnam Ahmed Yeganeh shed light on strategies for Vietnam to enhance its appeal for high-calibre foreign investments and bolster labour productivity.
hsbc sells argentina division for 550 million

HSBC sells Argentina division for $550 million

Global bank HSBC has agreed to sell its Argentina division to the financial services company Grupo Financiero Galicia for $550 million as it focuses on core Asia operations, it said Tuesday.
hsbc allocates 1 billion to scale up digital platform businesses in asean

HSBC allocates $1 billion to scale up digital platform businesses in ASEAN

HSBC has announced a $1 billion ASEAN Growth Fund to help scale up platform players in the region’s booming digital economy.
how vietnam can take advantage of asean investment prospects

How Vietnam can take advantage of ASEAN investment prospects

The Vietnam and ASEAN story is a supply chain shift story that foreign investors are utilising to make decisions effectively.
hsbc reports record profit of 303 bn in 2023

HSBC reports 'record profit' of $30.3 bn in 2023

HSBC said Wednesday it achieved "record profit" in 2023 as pre-tax gains soared by nearly 80 percent, with the banking giant also announcing further share buybacks.
hsbc france retail bank sold to us fund cerberus

HSBC France retail bank sold to US fund Cerberus

After more than two years HSBC transferred on Monday for an undisclosed amount its retail banking network in France to My Money Group, controlled by US private equity fund Cerberus.
new colours painted for vietnams recovery

New colours painted for Vietnam’s recovery

After witnessing a series of uncertainty throughout 2022, in particular with interest rates and foreign exchange movement, Vietnam’s economy was expected to adopt a V-shaped recovery in 2023. That said, some headwinds remained as global and local financial market turmoil posed downside risks to growth, while at the same time undermining authorities’ efforts in managing policies for macroeconomic stabilisation and inflation control.
shining as a beacon for investment in years to come

Shining as a beacon for investment in years to come

Will Vietnam remain a shining investment story? This question continues to be asked, even two years after the challenges of the pandemic and the economic volatility that we have all lived with this year.
the cost of asias renewable energy challenge

The cost of Asia’s renewable energy challenge

Climate change currently poses the greatest long-term threat to Asian economies. In recent years, the region has experienced more frequent and severe climate-induced extreme weather events – such as droughts, floods, monsoons, and super typhoons – that carry heavy economic and societal costs.