Viet Nam is among the top three investment destinations in Southeast Asia for Singapore-based companies in the next two years, according to the latest HSBC study.
Firms are potentially missing out on key opportunities available beyond their immediate borders by focusing on trade policy developments on a regional scale.
The ASEAN Smart Cities Network (ASCN), including Viet Nam’s three largest cities, will enable Southeast Asia to sustainably develop its cities, further optimise the region’s burgeoning internet economies.
Crude oil’s days of being a major contributor to national economic growth are over, according to a report prepared by the Hongkong and Shanghai Banking Corporation Limited (HSBC).
Despite a gloom in the Purchasing Managers'' Index (PMI) in the region, Viet Nam''s PMI continued to expand, reaching a ten-month high of 52.7 in May from 52.3 in the previous month.
After two high credit growth episodes in 2007 and 2009, which led to
high non-performing loan ratios and damaged consumer confidence, Viet
Nam is now reeling from sluggish demand, according to a recent HSBC
report.
Growth in the Vietnamese manufacturing sector gathered momentum at the
start of 2014, highlighted by the strongest rise in output since April
2011, and the fastest rise in purchasing activity in the survey''s
history, according to a HSBC report released yesterday.
The lowering of the open market operations (OMO) interest rate by the
Sate Bank of Vietnam (SBV) could trigger outflows, further exacerbating
the liquidity crunch and possibly pushing term rates higher, according
to a report by HSBC Bank.
The Viet Nam manufacturing sector was hit by marked downturns in output
and new orders in June, leading companies to cut employment and
purchasing, according to HSBC.
HCM CITY (VNS)— Stronger exports this year can help lift Viet Nam out of
its malaise, HSBC Vietnam says in its "At a Glance" report that was
released yesterday.