Vietnamese SMEs Most Optimistic about Trade Volume Rise: HSBC
Up to 65% of Vietnamese small-and medium-sized enterprises (SMEs) believed that their trade volumes will increase in the next three months, the most optimistic among 12 markets surveyed recently by the Hong Kong and Shanghai Banking Corporation (HSBC).
The survey on Trade Confidence Index involving 3,500 SMEs in 12 emerging markets across Asia, Latin America and the Middle East indicated that Vietnamese SMEs scored a confidence level of 110 points, up two points against HSBC’s survey in the second quarter of this year.
As many as 65% of Vietnamese SMEs also said that they will need more financial assistance for trade activities in the next three months, the highest among the surveyed markets.
The survey indicated that 63% of Vietnamese import-export firms believed that the global economy will be on recovery course during that time, up from 42% in the last survey.
China remained Vietnamese importers’ and exporters’ important market, according to the survey.
Up to 81% of the surveyed Vietnamese SMEs voiced concerns over fluctuations of exchange rates, the main obstacle for their trade development, the survey showed. (Vietnam Economic Times, News)
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