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Ho Chi Minh City
Thursday, October 5, 2023

Stressful economic challenges

By Hung Le

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Stubborn economic difficulties have led large numbers of small and medium-sized enterprises (SMEs) to exit the market. Meanwhile, those staying afloat are also struggling on the verge of closure. The lack of policy support and the burden of high interest rates are increasing the possibility of more SMEs going bust. Struggles across sectors Tran Hoai Huu, director of Gia Nhien Company, said economic woes have led to a sharp decline in new orders for their handcrafted wooden sailing products. Prior to the Covid-19 pandemic, the company’s annual sales reached around […]
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