Many banks plan to increase their charter capital in 2023 in order to ensure operational safety and have more resources for business development.

Reducing interest rates, maintaining interest subsidies, hiking credit limits, and providing unsecured loans to manufacturing businesses are among the demands made by businesses in the south-eastern region to the State Bank of Vietnam (SBV).

The index of industrial production (IIP) in April was estimated to increase by 3.6% month on month and by 0.5% over the same period last year, according to the General Statistics Office (GSO).

While enterprises are seeking to diversify markets to cope with drops in orders, experts urge attention to be attached to legal risks which might arise from doing international trade in a volatile world.

Banks have been steadily cutting deposit interest rates, which have reached around 8%, a move aimed at reducing lending rates to support businesses.

Vietnam's increased demand for infrastructure development in the coming years requires governmental policies that encourage the private sector's participation, said economists and policymakers.

The State Bank of Vietnam (SBV) has recently issued two circulars to support businesses and the real estate market in particular.

After a sluggish GDP performance in the first quarter this year, Vietnam is still not out of the woods yet. In particular, it has not seen the light at the end of the tunnel on the trade front, according to an HSBC report.

Global and domestic coffee prices are at high levels, providing opportunities for Vietnam to maintain a coffee export revenue of over US$4 billion this year, a record set in 2022, while the global supply is narrowing down.

Container shipping in Vietnam and Cambodia had the fastest port turnaround times in ASEAN in June 2022 with both countries scoring an average of 0.9 days, according to a World Bank (WB) report.