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Vietnam ranks high in trade confidence: survey
The HSBC Trade Confidence Index ranks Vietnam third among 17 countries in terms of outlook for trade.
The report, released earlier this month, surveyed more than 5,120 small and mid-market businesses in 17 markets around the world, and found an overall positive outlook with an average global reading of 116 on a scale of 200 in which 100 is neutral.
Sentiment continues to be the most sanguine in emerging markets, with the United Arab Emirates (134), India (133), and Vietnam (132) topping the list.
Hong Kong and Singapore, the two major financial centers in Asia, each scored 111.
In Vietnam, 75 percent of respondents expect their trade to improve in the next six months and 74 percent said the need for trade finance would increase.
Fifty two percent of Vietnamese traders consider China as their most important trade partner.
The HSBC Trade Confidence Index surveyed businesses about their six-month outlook on trade volume, buyer and supplier risks, the need for trade finance, access to trade finance, and the impact of foreign exchange and government trade regulations on their businesses.
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