With an average annual income of $90,408, nine out of 10 expats said in Vietnam they are as happy as or happier than at home, according to the 11th annual Expat Explorer issued by HSBC on Wednesday. Foreigners enjoy working in Vietnam for many benefits: 55 percent of respondents said they take more holidays, 41 percent live in a better home and 39 percent have more household staff compared to their home country. Fifty-seven percent said their employment contracts include an annual allowance to fly home or to another place, higher than the global average of 17 percent. Forty-two percent get an accommodation allowance while the global average is 18 percent, and 73 percent receive health and medical allowances compared to 43 percent elsewhere. Vietnam ranks first in the world with 72 percent saying moving to Vietnam helps them save more and 72 percent also saying they have more disposable income than they did in their home country. Both are higher than the global average: 52 percent … [Read more...] about Vietnam 19th best country in the world for expats: HSBC survey
Hsbc
Vietnam considered promising host country for expats: HSBC survey
Vietnam considered promising host country for expats: HSBC surveyBy Minh Tam A foreign director of a manpower company, which opened its representative office in HCMC in May 2018, speaks at an event held by the company – PHOTO: TUONG VI HCMC – Vietnam ranks second among six surveyed ASEAN countries and 19th globally as a country where expats are eager to live and work in the 11th annual Expat Explorer survey by Hongkong and Shanghai Banking Corporation (HSBC). Expats in Vietnam revealed that they earn on average US$90,408 annually, with 31% of them seeing an income rise of 25% or more, according to the survey released today, November 7. Vietnam ranks first globally with nearly three quarters (72%) of respondents stating that moving to Vietnam helped them save more, while 72% also agreed that they now have more disposable income than they did in their home countries. The most popular purpose for their savings or investments is still retirement (43%), followed by … [Read more...] about Vietnam considered promising host country for expats: HSBC survey
HSBC: Local businesses cash in on international trade
Vietnamese businesses are among the world’s most optimistic about international trade pacts and prospects and they are also among the most confident when it comes to succeeding in the current environment, according to HSBC’s latest report. HSBC’s latest report entitled ‘Navigator: Now, next and how for business,’ which polled over 8,500 businesses across 34 markets, finds that the majority of Vietnamese respondents are positive about the partnerships established with key trading partners, with 69 per cent believing that ASEAN membership will help their business in the next three years. Similarly, 65 per cent of Vietnamese firms believe the forthcoming European Union-Vietnam Free Trade Agreement will have a positive impact on their business in the near future. The two sides agreed on a final text for the trade agreement earlier in June. Vietnamese businesses are also looking beyond these agreements for growth. Over a quarter of businesses are eyeing … [Read more...] about HSBC: Local businesses cash in on international trade
HSBC Vietnam wins global award from Visa
HSBC Vietnam receives the Visa Global Service Quality Performance Awards for having the highest international authorisation approval rate for consumer credit in 2017. Photo courtesy of HSBC Vietnam Viet Nam News HCM CITY — HSBC Vietnam has received the top honour from the Visa Global Service Quality Performance Awards for having the highest international authorisation approval rate for consumer credit in 2017. It is the first bank in Việt Nam to receive this global award from the card company. Visa determined HSBC Vietnam to be the leader by tallying the total international approval count on top of the total international authorisation request count. The award is one of the most prestigious in global banking. Sabbir Ahmed, head of retail banking and wealth management at the bank, said: “This is a historic first not just for HSBC Vietnam, but the country — no issuing bank from Việt Nam has ever previously been honoured by Visa’s … [Read more...] about HSBC Vietnam wins global award from Visa
EU-Singapore FTA a boon for Vietnam trade: HSBC
The Hanoitimes - Vietnam’s supply chain is expected to open up further to increased European business. The signing of the EU-Singapore Free Trade Agreement (EUSFTA) marks a significant moment for the two dynamic economies and for Vietnam, which is currently in negotiations with Europe on a similar free trade agreement (FTA), HSBC Vietnam has said in a statement. The EU has signed an FTA with Singapore, the first of its kind between the EU and an ASEAN nation. EUSFTA opens ASEAN supply chain potential The EUSFTA, which will eliminate virtually all tariffs and lowering non-tariff barriers between Singapore and Europe, will allow for some manufactured goods to have ASEAN cumulation. This means that inputs sourced by Singapore businesses from other ASEAN member states – especially Vietnam - will be considered as domestic content for the determination of the origin of the final product made in Singapore. In other words, certain inputs will come under … [Read more...] about EU-Singapore FTA a boon for Vietnam trade: HSBC