The LoI marks another step in HSBC Vietnam’s execution journey of the commitment to arranging up to USD12 billion of direct and indirect sustainable financing for Vietnam and the corporate sector in Vietnam by 2030.
After a tough 2021, Vietnam’s economy started 2022 on a firm footing, as reflected in the January data prints. Despite rising daily COVID-19 infections, Vietnam has refrained from re-imposing harsh restrictions.
Asia and the Pacific’s trade grew 29.6% in the first 3 quarters of 2021, compared with global trade growth of 27.8%. Trade within the region rebounded 31.2% during the same period, following a 3.1% contraction in 2020.
This bodes well for trade relations between the U.S. and Vietnam since the health storm’s arrival, now in its second year, disrupted supply chains, manufacturing, and trade flows between the former enemies and now comprehensive partners.
