Local companies in Vietnam face business challenges. Manufacturing, IT, and healthcare industries expect over 7% GDP growth. However, retail businesses struggle. Banks tighten lending policies, hampering capital acquisition. Interest rates rise, increasing borrowing costs. Small and medium-sized enterprises face loan restrictions.

What does this mean for businesses in Vietnam? How can they overcome these challenges? Join our in-depth analysis of Vietnam’s 2023 investment climate. And figure out whether you should invest in Vietnam right now!

US vs Vietnam interest rates comparison

US Federal Funds rate is 5% to 5.25%. Vietnam’s rate is double, around 10% to 7-8% due to State Bank’s efforts to maintain operating rates despite global increases. In September, the State Bank raised rates due to exchange rate rise. An October incident involved SCB withdrawals linked to Van Thinh Phat Group arrests, prioritizing system safety and liquidity.

Don’t miss Attorney Ken Duong‘s detailed video on current situation of business in Vietnam and whether you should invest now. Gain valuable insights!

While the investment climate may not change immediately, there are ups and downs, and sometimes it is best to invest when the market is down as there are more opportunities and deals available. But patience is key to success if you are determined to invest in Vietnam.

Learn more about Doing business in Vietnam

We made many videos about doing Business in Vietnam, from retail market to real estate and even how to invest in Vietnam! Check out our YouTube channel for more Vietnam news. But if you want to apply for your investor visa, feel free to contact us.