Meanwhile, enterprises also had to cope with other difficulties, including the decrease in the number of orders and high interest rates. “Recently, interest rates have increased to more than 10 percent per annum at times. How can businesses make such a high profit to cover loan interest rates?” Tuan said. The State Bank of Vietnam (SBV) has slashed operating interest rates four times this year. Regarding the interest rate, I agree with the government’s plan that the interest rate could decrease further by 1-1.5 percentage point by the end of the year,” he said.
