Vietnamese firms are facing steeper cost increases than the global average due to tariffs and trade uncertainty, according to HSBC’s Global Trade Pulse 2025 survey.

The Global Trade Pulse 2025 survey gathered insights from over 5,700 businesses across 13 markets, with revenues ranging from 50 million USD to 2 billion USD, including 250 firms operating in Vietnam.

Speaking at a meeting with representatives from ministries, agencies, international institutions, banks, investment funds and investors in Hanoi, Binh said that the Government of Vietnam is committed to always accompanying businesses, creating the most favourable conditions for enterprises to expand their investment in international financial centres in Vietnam as well as invest in other ecosystems that they are interested in.

According to a September 2024 report from HSBC, Vietnam ranked second among Southeast Asian markets targeted by Chinese investors, only behind Singapore.

HSBC executives, alongside other global business leaders, commended Vietnam’s remarkable economic achievements, commitment to reform, and forward-looking development strategy.

The Vietnamese government is demonstrating a high determination in promoting public investment, focusing on numerous strategic infrastructure projects that connect economic centres. This will serve as an important launching pad for Vietnam to enter a new era – the era of the nation’s rise, according to HSBC.

Vietnam still has significant potential to increase the presence of institutional investors in both markets. As such, the stock market status upgrade is just the first step in attracting these investors.

Vietnam has regained its position as the “growth star” of the Association of Southeast Asian Nations (ASEAN), said the Hong Kong-Shanghai Banking Corporation (HSBC) when evaluating Vietnam’s economic development in 2024.

Vietnam has regained its position as the “growth star” of the Association of Southeast Asian Nations (ASEAN), said the Hong Kong-Shanghai Banking Corporation (HSBC) when evaluating Vietnam’s economic development in 2024.

International organisations and experts have made positive comments on the Vietnamese economy, affirming their optimism about Vietnam's economic outlook.

The Hong Kong-Shanghai Banking Corporation (HSBC) has raised its 2024 GDP growth forecast for Vietnam to 7% from 6.5% on stronger-than-expected growth in Q3 despite the devastation left by Super Typhoon Yagi.

HSBC has lifted its 2024 gross domestic product (GDP) growth forecast for Vietnam to 7.0% from 6.5% after the country recorded stronger-than-expected growth in Q3 despite the devastation left by Typhoon Yagi.

International organisations have maintained their robust growth forecasts for Vietnam this year as the economy has bounced back strongly despite external uncertainties and extensive damage caused by Typhoon Yagi.

HSBC has maintained its GDP growth forecast for Vietnam at 6.5% for both 2024 and 2025 in its “Asian Economics Quarterly – Comin’ for a landing” report.

HSBC experts highlight the strong appeal of business opportunities in ASEAN, with Vietnam standing out as a key bright spot.

More advanced manufacturing from Taiwan (China) will migrate to Vietnam in the following decades, according to Daphne Lee, head of Commercial Banking, HSBC Taiwan, and Ahmed Yeganeh, head of Wholesale Banking at HSBC Vietnam.

HSBC has raised its forecast for Vietnam's GDP growth this year to 6.5%, as compared with the previous projection of 6%, following the country's better-than-expected performance in the first half.

Favorable fundamentals have positioned Vietnam as a prime destination for foreign direct investment, even as it outperforms its ASEAN peers, HSBC said in its latest report titled “Vietnam at a glance: FDI - Back to the basics”.

Favourable fundamentals have positioned Vietnam as a prime FDI destination, outperforming ASEAN peers, according to HSBC’s latest report titled “Vietnam at a glance: FDI - Back to the basics”.