TIẾNG VIỆT Vietnam’s companies among the world’s most optimistic amid pandemic
Aviation and tourism are badly hit by Covid-19 pandemic hit Photo: zing.vn
In a year when the world has been battling a major global pandemic, the majority of Vietnamese companies have adjusted to the ‘new normal’ and are looking ahead with far more optimism than their counterparts elsewhere in the world, according to HSBC’s annual Navigator report.
The report that which interviewed over 10,000 companies in 39 countries and territories across the globe, including 200 companies in Vietnam shows that 86 percent of companies in Vietnam expect sales to grow over next year, much higher than the rate at 64 percent globally and 60 percent in Asia pacific region.
The result came after the South East Asian country’s success story in combatting and eliminating COVID-19, with 55 percent of Vietnamese companies remain optimistic about growth, one percentage point lower than last year.
‘Vietnam’s remarkable resilience and effective response to the pandemic has been a major contributor to increased optimism. Unlike many other countries, from a purely domestic economy perspective, in the second half of the year, Vietnam is broadly back to a ‘business as usual’ environment,’ said Tim Evans - Chief Executive Officer of HSBC Vietnam.
To adapt to external factors, 68 percent of Vietnamese companies implemented changes over the last 12 months compared to 74 percent globally.
Vietnamese companies also remain more positive on international trade than their global peers, with 91 percent compared to 72 percent globally.
Optimism in Vietnam will have been further buoyed with the signing of the Regional Comprehensive Economic Partnership on 15 November 2020.
The agreement has been heralded as the beginning of a new era in which Asian countries will play a major role in setting the standards that will enable the next round of global growth, according to HSBC report.
Vietnam economy is expected to grow 2.4 percent this year, according to latest forecast from the International Monetary Fund.
The organisation is predicting a strong economic recovery in 2021, with 6.5 percent, while the Vietnamese place 2021 growth target at 6 percent.
► IMF revises upward Vietnam GDP growth forecast to 2.4%
► Vietnam 10th out of 53 countries in ‘Covid resilience’: Bloomberg
