The economist anticipates the State Bank of Vietnam (SBV) to keep its policy rate on hold at 4.0% to support credit growth and remain vigilant against inflation risks, which are driven by supply-side factors.
With falling birth rates and a rising life expectancy, Vietnam’s elderly are expected to account for between 10% to just under 20% of its population by 2035.
After decades as one of the world’s fastest-growing economies, Vietnam’s industry and services sectors are entering a new phase of growth propelled by the brain power of an expanding young workforce.
HSBC and Temasek will invest up to a combined US$150 million of equity to fund loans, working alongside the platform’s strategic partners in the initial phase.
As Sole Sustainability Structuring Bank, HSBC supported Vingroup in developing its inaugural Sustainable Finance Framework (the “Framework”), which includes six green and two social project categories across Vingroup's business segments.
Vietnam’s COVID-19 lockdown has constrained the global supply of coffee — and coffee prices could remain “relatively high” through 2022, said Fitch Solutions on an article released by CNBC.
In recent years, Vietnam has emerged as a hub for startups, closely competing with the likes of Indonesia and Singapore. The country has a dynamic startup environment with many entrepreneurs and companies engaged in the most promising sectors.
What no one had predicted was that the Covid virus would continue to mutate and mutate in a way that would make it far more virulent. Along came the Delta variant – a variant that spread so fast that it made it much harder to control.
Well-established evidence in the note makes a stronger case for lowering speed to be one of the most effective ways to enhance road safety. For example, a one percent increase in speed results in a 3.5 to 4-percent increase in deaths.
According to the Bank, the COVID situation will likely continue to dampen inward investment for the rest of 2021 and may create further tourism uncertainty.
Standard Chartered has been investing significantly in Vietnam over the last few years and growing its business across the country.
Vietnam will grow at 7.6 percent this year, driven by newly signed free trade deals and rising foreign investment, HSBC has forecast.