Enhancing local trade finance in VN could lead to a $55 billion boost in trade vietnamnet.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vietnamnet.vn Daily Mail and Mail on Sunday newspapers.
The report underscores the importance of addressing the challenges faced by local enterprises, particularly small and medium-sized enterprises (SMEs), in accessing trade finance, recommending the development of innovative digital offerings and stronger regulatory frameworks.
Industry experts said the current challenging economic situation and difficulties faced by businesses severely affect their ability to meet debt obligations. As there are no shortcuts to resolving old bad debts, a significant number of newly classified bad debts, which should be expected on June 30 this year, will put tremendous pressure on the country’s financial sector, as well as businesses.
Consumer loans slow to a crawl in 2023 - VnExpress International vnexpress.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vnexpress.net Daily Mail and Mail on Sunday newspapers.