HSBC is making inroads into Viet Nam regardless of the country’s human rights record and public sentiment in the U.S. and other coutnries. In Washington Vietnam’s president heard a barrage of criticism Thursday during his historic visit to Washington, with angry U.S. lawmakers saying ties between the former enemies will stagnate until Vietnam’s dismal human rights record improves. Criticism of HSBC’s desire to make a dime in Viet Nam regardless of public opinion reflects poorly on the bank. Others say it merely reflects the new methodical HSBC approach to predatory lending featured at HSBC Finance Corporation.
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