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Vietnam is witnessing a strong reduction in its public debt following its close control of the issue, with the government exercising a stringent policy on increasing revenues and reducing expenditures.
Businesses in many fields have voiced their concerns about the lack of capital from banks.
When people with an average income have to save 30 years to buy an apartment, this indicates a sign of a real estate bubble. In Vietnam, this figure is an average of 57 years.
National Assembly (NA) deputies on June 1 discussed the implementation of the socio-economic development plans and the state budget in 2021 and in the first months of 2022 as well as the settlement of bad debts of credits institutions.
Small businesses, especially, are yet to find their feet, while job and income losses have compressed household budgets and kept various markets for goods and services from regaining their pre-covid strength