As they struggle with the growing burden, numerous businesses are offering to sell almost all of their properties and other assets.
Last week the State Bank of Vietnam continued reducing diverse regulatory interest rates in a bid to help remove impediments for borrowers, as well as support credit institution efforts to drive down input costs, and from there be able to reduce lending rates.
With the VAT cut to 8% in the second half of this year, the government estimates a revenue loss of VND24 trillion (US$1 billion).
Hospitality properties have long been considered a lucrative and long-term profitable investment for real estate investors operating in Vietnam.
For successful digital transformation, enterprises must understand clearly the changes associated with their business model, target, value and culture to choose suitable solutions, according to experts.
Vietnam continues to be chosen as a destination to create growth space for logistics, but more sustainable development remains a target that may be further off.
The global corporate minimum tax is unlikely to impede Viet Nam’s FDI inflows given the fact that tax incentives are not the primary attraction for setting up a factory in Viet Nam, Michael Kokalari, chief economist at investment fund VinaCapital, said.
Real estate liquidity is moving into a positive direction, with investors planning several new rounds of funding.
Investment in sectors related to green growth has been on the rise, but it is necessary to devise practical incentives to help businesses effectively adopt green production and business practices, an official has said.
A high interest rate environment is a great risk to the competitiveness of Vietnamese enterprises, according to economists.