Chairman of the Ho Chi Minh City People's Committee Phan Van Mai asked departments and agencies to solve problems that businesses have mentioned at recent meetings to help businesses trust city’s determination for economy growth.
Prime Minister Pham Minh Chinh expressed his hope that the baking sector will be more proactive, creative and responsive to policies in 2023 at a meeting on January 27 or the sixth day of the Lunar New Year.
Chairman of the Ho Chi Minh City People's Committee Phan Van Mai informed that the city is focusing on implementing 18 projects, reviewing and completing the project of replacing 20,000 houses on and along the canals and developing worker accommodation, and social housing programs.
Economic instability across the entire globe is bound to affect Vietnam as well. Although economic data for Vietnam shows that difficulties have been overcome, but the fact remains that scores of businesses are still struggling.
Although the VN Index has returned to an attractive level compared to previous sessions, issues such as low-levels of liquidity and corporate bonds risks still need to be resolved for the market to once again gain momentum.
Responding to the Government's policy of encouraging the development of solar power, many businesses across the country have invested in solar power. Ironically, many investors now have to worry about debts piling up.
National Assembly (NA) deputies proposed closely monitoring assets of banks, bad debts, and cross-ownership between banks and real estate businesses. Moreover, the government needs to be more flexible in operating the real estate market to reduce difficulties for the financial market, as these two markets are closely linked.
After the recent increase in credit limit, the State Bank of Vietnam (SBV) has granted 13.6 percent of the total 14 percent credit room in 2022. The SBV continues to prioritize inflation control and macroeconomic stability, maintaining low lending interest rates to support businesses and economic recovery.