Neumann said at a conference on business prospects in Hanoi on Monday that he believes Vietnam’s exports will see an increase next year as demand rebounds.

A second driving force for Vietnam's economy next year will be domestic spending, including consumption and government purchases, which are expected to rise.

HSBC also predicts that Vietnam's financial, service, and real estate sectors will recover after a challenging period, and that Vietnam's GDP will see a 6% increase in the fourth quarter and a 5% increase for the year.