Vietnam businesses seek administrative reform and timely capital

Vietnamese businesses are facing a dual need for administrative reform and timely capital access to sustain production and expansion. Experts suggest that reducing compliance costs, streamlining administrative procedures, and eliminating unnecessary sub-licenses are essential to support small and medium-sized enterprises. Beyond financial aid, addressing overlapping regulations in land, construction, environment, and taxation is seen as a critical way to reduce the burden on businesses.

In the manufacturing sector, timely credit access is vital, particularly during peak production periods. For instance, Tien Hung Joint Stock Company requires proactive capital to purchase raw materials, maintain operations, and invest in machinery to meet increasing order volumes and delivery deadlines. Business leaders emphasize that having access to preferential interest rates and timely disbursement is just as important as the availability of capital itself to ensure production stability and job security.