Enterprises want to have a flexible effective monetary policy and to see their demand for capital satisfied. Ensuring liquidity is one of the most important duties of the policy.

During discussions about socio-economic development yesterday morning, National Assembly (NA) deputies agreed that the State and the society should closely support the enterprise community.

Vietnam’s exports of goods could reach US$618 billion by 2030, with the average annual growth rate of 7 percent in the 2021-2030 period.

Total revenue from retail sales of consumer goods and services was estimated at VND519 trillion (US$22.09 billion) last month.

About 80 percent of surveyed businesses say the biggest obstacle to borrowing money from banks is the lack of collateral.

Agencies have recently launched fiscal and monetary policies expected to serve as a strong push to help the economy escape the risk of growth decline.

Vietnam’s services sector remains a bright spot, partially offsetting some external weakness, according to a report released by HSBC Vietnam on May 31.

Vietnam, a rising economic powerhouse in Southeast Asia, is set to witness remarkable growth over the coming years.

Total revenue from retail sales of consumer goods and services in May was estimated at 519 trillion VND (22.09 billion USD), an increase of 1.5% over the previous month and 11.5% year on year thanks to the long holidays in the beginning of the month.

Flagging demand has compelled manufacturers to reduce their production and workforce.

The State Bank of Vietnam last week cut its policy rates for the third time this year to prop up economic growth.

Vietnam is witnessing a slowdown in trade as the global economy is edging closer to a recession.

Vietnamese enterprises are facing extreme hardships, according to a report sent to the prime minister by the National Private Economic Development Research Board.

Local enterprises were going through a particularly difficult situation, a survey conducted by the National Private Economic Development Research Board under the Government’s Advisory Council for Administrative Procedure Reform has revealed.

Vietnam jumped 12 places in the Economist Intelligence Unit (EIU)’s latest business environment rankings which measure the attractiveness of doing business in 82 countries with 91 crucial indicators.

At important events, Minister of Planning and Investment Nguyen Chi Dung always stresses that new policies and regulations that require people and businesses to spend more, create new procedures, and require more time must not be issued.

In late 2022 and early 2023, enterprises complained they found it difficult to access bank loans. But this is different now: it is not difficult to borrow money, but businesses are not sure how to use the borrowed capital.

Any hope for improving business conditions by midyear has faded due to dismal demand in main markets and macroeconomic instability.

Most enterprises have reported their profits for the first quarter of 2023. Besides those suffering a sharp decline as predicted, there are still businesses with unexpectedly strong growth, making their valuations attractive.

Thousands of business conditions and administrative procedures have been abolished or simplified, greatly facilitating businesses.