Vietnamese Biz Upbeat about Trade Prospects: HSBC

Up to 54 per cent of Vietnam’s surveyed 300 small and medium enterprises (SMEs) are optimistic about trade transactions in the next months, a recent survey by Hong Kong and Shanghai Banking Corporation (HSBC) in Vietnam showed Wednesday in Ho Chi Minh City.

 

This is the highest level in the Asian-Pacific region, HSBC noted.

 

A large number of Vietnamese SMEs also believed that the global economy will rebound in the next months, showed the survey.

 

Nearly 75 per cent of the surveyed Vietnamese SMEs said risks to both clients and businesses would be unchanged and 54 per cent expected easier access to financial assistance to increase, with the banking system being the major channel.

Two thirds said fluctuation of forex rates is a major risk to businesses and up to 62 per cent thought that unstable forex market would be the biggest barrier to their growth.

 

The survey, which was the first in assessing SMEs confidence in import-export activities involving 2,102 SMEs leaders from Australia, Hong Kong, India, Singapore and the United Arabic Emirates (UAE) and Vietnam conducted by HSBS in Vietnam with the support from the International Payment Center. (Vietnam & World Economy, Trade & Industry)