Vietnam steady amidst global turmoil: HSBC report

HO CHI MINH CITY, Feb 14 (Xinhua): Vietnam has remained relatively robust amidst the turmoil in international financial markets, Hong Kong and Shanghai Banking Corporation (HSBC) has said in its February "Vietnam at a Glance" report.

Local Vietnam News daily on Friday quoted the report as saying that having a relatively small capital market is perhaps one reason and deriving limited benefit from the so-called quantitative easing in the developed world is likely another.

While some emerging markets are grappling with a hangover from their over-reliance on cheap money for growth, Vietnam was forced to come down from its own high credit growth rates in 2011.