pompeo criticises hsbc for supporting hong kong security law

Pompeo criticises HSBC for supporting Hong Kong security law

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.
lender attitudes shift on coal fired ventures

Lender attitudes shift on coal-fired ventures

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.
vietjet secures longer repayment timeline on aircraft loan

Vietjet secures longer repayment timeline on aircraft loan

Vietnamese airline Vietjet has announced reaching an agreement with lenders HSBC, Citibank, and the World Bank to delay the repayment of its loans.
evfta lends newfound vigour to banking sector

EVFTA lends newfound vigour to banking sector

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.
hsbc considers cutting thousands of jobs and downsizing its businesses

HSBC considers cutting thousands of jobs and downsizing its businesses

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.
hsbc exits vinh tan 3 thermal power project

HSBC exits Vinh Tan 3 thermal power project

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.
the evolution of competitiveness in the digital banking environment

The evolution of competitiveness in the digital banking environment

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.
hsbc axes ceo john flint in shock shift to speed up strategy

HSBC axes CEO John Flint in shock shift to speed up strategy

HSBC ousted John Flint as chief executive after just 18 months in a shock move the chairman of Europe's biggest bank said was needed to speed up progress on priority areas such as the turnaround of its US business.
vietnam a top destination for expats

Vietnam a top destination for expats

Being listed among the top ten by the  HSBC’s latest global Expat ­Explorer Report has gone some way to prove the significant advances in Vietnam’s investment and living environment.
vietnam ranked in top 10 countries for expats hsbc survey

Vietnam ranked in top 10 countries for expats: HSBC survey

Vietnam has been named in the top 10 countries for expatriate workers, according to HSBC’s Expat 2019 Global Report released on July 4.
hsbc unveils loans for homeowners to install rooftop solar

HSBC unveils loans for homeowners to install rooftop solar

HSBC Vietnam has rolled out a new preferential interest loan programme for homeowners in HCM City and Da Nang to buy and install rooftop solar panels.
linking smes with necessary financing

Linking SMEs with necessary financing

Supply chain finance is gaining prominence as the global trade instability brings attention to Vietnam and domestic companies seek opportunities to partner with multinational buyers.
south koreas supportive ma plans

South Korea’s supportive M&A plans

Following stronger bilateral ties between South Korea and Vietnam, major South Korean investors such as SK Group are rushing into Vietnam’s mergers and acquisitions market. Eun-Young Jung, CEO of HSBC Korea, and Pham Hong Hai, CEO of HSBC Vietnam, jointly discussed the growing trend.  
korean investors eye investment in renewable energy

Korean investors eye investment in renewable energy

Korean investors are keen to invest in renewable energy due to its potential and the incentives that Vietnam has offered to foreign investors, an HSBC official has said.
southeast asia hiding in plain sight

Southeast Asia: hiding in plain sight

Periodic emerging-market jitters notwithstanding, there are compelling reasons to be optimistic about the economic prospects of this part of the world Southeast Asia, argues Matthew Lobner, head of International and head of Strategy and Planning, Asia-Pacific, HSBC.