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Over two-thirds of expats believe their quality of life is better in their current location The key reason driving optimism is their hope to live "normally" again (75 per cent), but 6 in ten (61 per cent) are also feeling positive because of the quality of life they will be able to enjoy. Expats in Taiwan are the most optimistic (85 per cent), closely followed by those in Australia, New Zealand, and Vietnam (all 83 per cent). As the world has been in a state of flux during the pandemic, the study suggests that locations with stability ranked highly. Nearly all expats based in Australia, Switzerland, and Jersey (in the Channel Islands) would recommend their location as a "stable" place to live in the next 12 months - Australia (92 per cent), Switzerland (92 per cent), Jersey (90 per cent). Expats’ desire to live and work abroad has not been diminished by the pandemic – the majority plan to stay in their host location for the foreseeable future, with 80 per cent intending …

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Apart from the benefits of being a fast-moving and vibrant economy, Vietnam also offers a rich topographic diversity with mountains, jungles to beaches, wonderful food, and very hospitable people. As 83% of expats in Vietnam are optimistic about living here for the next 12 months, the country remains among the top five places in the Asia-Pacific to live and work in 2021, and the 19th in the world, an improvement of three places against last year’s ranking. Vietnam remains among the top destinations for expats. Source: HSBC The finding was revealed in HSBC’s 14th Expat Explorer study - a global survey on over 20,000 people who live and work abroad - indicates that almost two-thirds (65%) of expats feel optimistic about the year ahead despite the volatility of the past 18 months. Under the study, Taiwan was voted by 85% of the respondents as the most preferred destination for expats, with Australia, New Zealand, and Vietnam standing behind, chosen by   83%. …

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Lenders energise foreign-owned power projects, illustration photo Vietnamese lenders Techcombank and MB last week inked an agreement to facilitate a $1.4 billion syndicated loan package for Nhon Trach 3 and Nhon Trach 4 gas power plants projects, backed by Vietnam’s second-largest electricity producer, PetroVietnam Power Corporation (PV Power). The projects are the first liquefied natural gas (LNG) ventures in which PV Power has arranged capital without guarantees from the Vietnamese government. As a result, Techcombank and MB become the mandated lead arranger of a consortium that supports bidding procedures, offshore loans, export credit agencies, and asset management. Nhon Trach 3 and Nhon Trach 4 power plants based in the southern province of based in Dong Nai are the first and largest LNG projects in Vietnam with a combined capacity of 1,300-1,760MW, and are slated to be the electric load centres for the south of the country. “PV Power expects the vast expertise of …

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Revenue to state budget increases over 10 percent The revenue to the state budget in the first 9 months of this year amounted to 1,084.7 trillion VND, representing 80.75 percent of the projection and an increase of 10.75 percent over the figure recorded in the same period last year, according to the Finance Ministry. Meanwhile, the expenditure from the state coffer was estimated at 116.3 trillion VND, with the fight against the COVID-19 pandemic being prioritised. By the end of September, 29.1 trillion VND from the state budget was spend on the fight and support to those adversely affected by the pandemic. Despite the serious impacts of the pandemic, the revenue still increased year on year thanks to the economic growth momentum in the last month of last year, the ministry said. For the rest of the year, the ministry will continue accelerating administrative procedure reforms on taxation, simplifying business conditions, and joining other forces in fighting …

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Foreign-invested enterprises are urging the government to facilitate the green energy revolution The requirement was made as a comment for completing the draft Power Development Plan VIII. According to the VBF, numerous credit and financial organisations and international commercial banks announced withdrawing financing from thermal power plant projects after receiving protests over their environmental impact. The VBF added that numerous thermal power plants, which are expected to be kicked off in 2022, are now in financial difficulties and the investors will only implement the projects with government support. Thus, the VBF proposed the government to only approve thermal power plants where the investors have enough capital on their own. It also requested more solutions to promote low-emission alternatives such as offshore gas and imported liquefied natural gas (LNG). Besides, it urged the government to encourage the development of offshore wind farms with a scale of 1-3GW. …

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Global troubles this year have interrupted supply chains. What has DKSH been doing to help ensure continuation of supply chains in Vietnam and beyond? Jorge Martin-Martinez, country management head of DKSH Vietnam DKSH is a trusted partner of many clients across four industries in Vietnam, and globally: healthcare, fast-moving consumer goods, performance materials, and technology. Our invisible yet vital role is to make sure the essentials are within the consumers’ reach across the country. We also ensure that technological devices, lab and testing equipment, and much more are delivered to places; and raw materials and ingredients for local production in personal care as well as food and beverages are well received by manufacturers for continuous production. We understand the importance of our role. That is why we put much of our efforts into following government guidance so that we can ensure business continuity, while making the safety of our employees and our …

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Vietnam is ranked the 5th location in Asia-Pacific region, having climbed three places to the 19th position in the world among best places to live and work over the next 12 months, according to the 14th Expat Explorer study. Hoi An's ancient street. Photo: Nguoi Hoi An The study showed that in Vietnam, 51 percent of expats say the local community has become more supportive of each other since the start of the pandemic while 83 percent of expats in Vietnam are optimistic about living here for the next 12 months. Despite the very real challenges that the entire world has faced with the COVID-19 pandemic, there is a growing sense of optimism that with the vaccine rollout picking up pace that we will all return to a more normal existence, shared Tim Evans, CEO of HSBC Vietnam. In Vietnam, this will mean a return to strong economic growth in a very vibrant and exciting country, where apart from the benefits of being in a fast moving and vibrant economy, the country also …

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Up to 83% of expats in Vietnam feel optimistic about the year ahead despite the volatility of the past 18 months, according to a study conducted by HSBC. Expats gather at an eatery in HCMC before the Covid-19 pandemic. Some 83% of expats in Vietnam are optimistic about living here for the next 12 months. – SGT Photo: Thuy Trang The 14th Expat Explorer study, a global survey of over 20,000 people who live and work abroad, reveals their global confidence to live and work abroad has not diminished. Almost two thirds (65%) of expats feel optimistic about the year ahead despite the volatility of the past 18 months. The key reason behind their optimism is the hope to live “normally” again (75%), but six in 10 (61%) are also feeling positive because of the quality of life they will be able to enjoy. Expats in Taiwan are the most optimistic (85%), closely followed by those in Australia, New Zealand and Vietnam (all 83%). As the world has been in a state of flux during the …

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