21-09-2020 12:57
Shares in banking giant HSBC plunged to a 25-year low Monday on fears it could be added to a Chinese list of firms deemed a threat to national security and following news it had been accused of allowing fraudulent activity to go unpunished.
09-09-2020 08:00
Despite lingering risks, fears of an economic downturn, and low interest rates, there has been a windfall of corporate bonds issuance, with property providers and financial institutions the most active.
27-08-2020 08:00
Vietnam’s corporate bond market presents a good channel for capital mobilisation, even if still lacking a fully established legal framework and the presence of credit rating agencies. Amid this scenario, HSBC’s recent bond issuance is being deemed by some as simply a public relations stunt.
19-08-2020 18:00
Both local and overseas companies have ventured back into the bond market to cash in on low interest rates, but Vietnamese authorities are cautioning investors.
12-08-2020 09:31
The International Finance Corporation (IFC), a member of the World Bank Group, announced on August 11 that it will provide a 70 million USD loan to Indo Trans Logistics Corporation (ITL Corp), with the aim of improving logistics, trade and competitiveness in Vietnam’s economy amid the COVID-19 pandemic.
06-08-2020 13:41
Vietnam is expected to continue growing its share of global exports despite decline amid the resurgence in the COVID-19 pandemic after three months of no local transmissions, according to an HSBC report.
04-08-2020 21:06
Vietnam is one of the best long-term growth stories in Asia and is one of the most preferred frontier markets, according to HSBC. There is a long list of reasons why the bank remains positive on the country’s equity market.
08-07-2020 18:35
Today, HSBC Bank (Vietnam) Ltd. and Duy Tan Plastics Corporation signed a green credit agreement to finance Duy Tan Plastics Recycling Factory. The green loan, which is under HSBC’s commitment to provide $100 billion of sustainable financing and investment by 2025, is the first that HSBC arranges for a Vietnamese company.
10-06-2020 08:25
WASHINGTON, DC: US Secretary of State Mike Pompeo on Tuesday (Jun 9) took to task HSBC for backing Beijing's controversial security law proposal in Hong Kong, warning of businesses' over-reliance on China.
05-05-2020 10:00
A handful of international financial groups have cut their ties with coal-fired power plants – a sustainability move as investors and the public demand strong action on climate change.
18-04-2020 16:19
Vietnamese airline Vietjet has announced reaching an agreement with lenders HSBC, Citibank, and the World Bank to delay the repayment of its loans.
26-02-2020 09:00
The ratified EU-Vietnam Free Trade Agreement is expected to bring a historic change in the Vietnamese banking sector, but also sets sizeable challenges for both foreign and local lenders before they can receive good returns on investment.
18-02-2020 11:53
HSBC Holdings Plc, the parent firm of HSBC Vietnam, is weighing whether to cut thousands of jobs, a sign that it may accelerate the downsizing of its global businesses and reshuffle senior executive ranks as the UK-based lender searches for growth and ways to lift sagging returns.
28-01-2020 23:19
The fate of the 1,980MW Vinh Tan 3 coal-fired power plant, located in the southern central province of Binh Thuan, has become uncertain now that the London-headquartered HSBC announced withdrawing as the financial advisor for the project.
06-01-2020 14:28
It is a common narrative in some circles: established banks are dinosaurs about to be disrupted. This story seems intuitive because it echoes the disruption we have seen in other industries, from the way that new players moved shopping online in the 1990s, to the way the music and video industries were disrupted by streaming.