The Hong Kong and Shanghai Banking Corporation has announced that it will stop publishing the Purchasing Managers' Index for Vietnam after five years of offering it for free
The Vietnamese business community is still in a difficult period given the latest data on the number of local firms dissolving or having their operations suspended in the first two months of this year
Chief executive Stuart Gulliver was forced to react to a report about his finances in The Guardian newspaper, which has led coverage in Britain of an international tax-dodging scandal at the bank's Swiss division
It is the latest in a stream of so-called "Swissleaks" allegations that have hit the reputation of the British banking giant and caused a political storm ahead of a general election in May.
Stuart Scott, HSBC's head of currency trading for Europe, Middle East and Africa, was dismissed on Tuesday, the source confirmed.
Pham Hong Hai has become the first Vietnamese person to head operations at the Vietnam’s foreign-owned bank - HSBC Bank Vietnam Ltd.
The Purchasing Managers’ Index has risen back above the 50.0 no-change mark to a 5-month high of 51.5, an improvement over the 49.4 PMI rate in August, and the best reading since April 2011