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Submitted by honghanh on Sat, 07/26/2008 - 15:00
The Hong Kong and Shanghai Banking Corporation (HSBC) held a seminar on July 25 to help Japanese businesses have a better understanding of their opportunities and challenges while operating in Vietnam.

At the seminar, HSBC economist Prakriti Sofat spoke about current difficulties the Vietnamese economy is facing.

He said that reducing economic growth and forwarding long-term economic growth instead of pursuing short-term gains is the key for Vietnam to resolve its current economic difficulties.

However, she expressed optimism about long-term prospects of the Vietnamese economy, saying the situation has improved thanks to government policies. She said Vietnam remains an important and attractive market.

The economist also predicted that foreign direct investment (FDI) flows into Vietnam would focus on sectors such as manufacturing, real estate and retail over the next two years.

Also at the seminar, Head of Global Banking of HSBC Vietnam Loic Faussier outlined the bank’s operations and its business strategy in the country.

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