As businesses seek additional resources to restore production, high interest rates and limited access to credit remain major challenges. To improve capital flows across the economy, experts recommend tightening control over credit directed to non-productive sectors while prioritising resources for industries that generate real economic value, thereby supporting sustainable growth.
Given the volatile global economy, inflationary pressures are mounting as energy and input material prices rise. The challenge of keeping inflation under control while maintaining growth targets is becoming increasingly demanding for Vietnam. The Government and ministries are rolling out a range of coordinated measures to ensure macroeconomic stability and create room for sustainable growth.
On the morning of April 23, the National Assembly is scheduled to discuss amendments and supplements to four tax-related laws including the Law on Personal Income Tax, the Value Added Tax Law, the Corporate Income Tax Law and the Special Consumption Tax Law. The move is intended to help address difficulties faced by businesses and citizens.