Vietnam works with HSBC on credit upgrade
(VOVWORLD) -Vietnam is stepping up efforts to secure a sovereign credit rating upgrade and deepen access to global capital, with HSBC expected to play a key advisory role in the process.
 Finance Minister Nguyen Van Thang receives an HSBC delegation led by Group CEO Georges Elhedery (Photo: Ministry of Finance) |
At a recent meeting with an HSBC delegation led by Group CEO Georges Elhedery, Finance Minister Nguyen Van Thang highlighted the importance of an early credit upgrade to reinforce macroeconomic stability, reduce borrowing costs and strengthen investor confidence, while calling for continued technical support from the bank.
Elhedery reaffirmed HSBC’s pledge to continue acting as a conduit for global capital flows. He added HSBC is ready to assist Vietnam in developing internationally aligned frameworks for sustainable finance and advanced risk management to bolster resilience against global uncertainties. The bank supports both sovereign rating upgrades and stock market reclassification to unlock stronger capital inflows, he said.