The ABP will continue its work on gender equality and the sustainable development of the Mekong Delta.
In addition to these donations of 8.1 million COVID-19 vaccine doses, the United States has committed more than $26.7 million in COVID- 19 related assistance to Vietnam since the start of the pandemic.
In this very first cooperation, PCC1 has been working closely with HSBC Vietnam to go through HSBC’s stringent credit approval and management process of sustainable financing controlled by HSBC Asia Pacific Sustainable Loans Committee.
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.
In addition to the 7.5 million vaccine doses the United States donated through the COVAX Facility, Vietnam has received 4,176,00 doses of AstraZeneca vaccine from the COVAX Facility.
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.
It is estimated that 27,000 people in six provinces will benefit from the project’s interventions, 70% of them are elderly.
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.
Economic activity began to slow down in the second quarter of 2021, and growth forecasts have been downgraded for most countries in the region, according to the World Bank’s East Asia and Pacific Fall 2021 Economic Update.
GDP growth in Q3 may likely have slowed to 1.9% y/y, from 6.6% in Q2, as the pandemic hit the economy.