Vietnam faces protracted economic headwinds

PM Chinh stated that despite recent indications of economic recovery, the growth momentum has been impeded by weak consumption and rising barriers in global trade. High interest rates, public debt pressures, and financial concerns have remained major difficulties that hamper many countries’ post-pandemic recovery, he added. Meanwhile, the business community in Vietnam has continued to face administrative bottlenecks and struggle to secure bank loans. PM Chinh praised substantial efforts made by relevant agencies to ensure Vietnam’s stable business conditions. He emphasized the need to overcome the ongoing challenges and impose additional measures to address the pressing issues faced by local companies.