CRISIS MANAGEMENT OPPORTUNITIES AND LEASING IN VIETNAM
Vietnam Keywords:, post-crisis development, leasing PHAM THANH THUY (VIETNAM) Against the background of the emerging trend of the world economy emerging from the current global financial and economic crisis, the issue of accelerating its overcoming and post-crisis development is becoming particularly relevant. Thanks to the prompt actions of the Government of the Socialist Republic of Vietnam (SRV), the program to stabilize the country's economy has begun to produce the first results.1Thus, the refinancing rate has been reduced to 7%, and the maximum interest rate on a loan is now 10.5% per annum. The government subsidizes 4% per annum on loans to small and medium-sized enterprises. Thus, they do not pay 10.5%, but only 6.5% per annum. For 9 months of 2009, gross domestic product (GDP) Vietnam increased by 4.56%2, the consumer price index increased by 7.64%3 compared to the same period in 2008.Measures in the financial and credit sector allowed organizations to obtain loans to survive in a crisis situation. The global economy is gradually emerging from the crisis. The recovery of the global economy will bring new opportunities to increase Vietnam's export turnover, as well as foreign investment. Overcoming the crisis pushes the process of modernization and reform of the economy, including the activation of undeveloped forms of business. In Vietnam, this applies primarily to the leasing market. Leasing is a form of long-term lease agreement for industrial property, with certain conditions for its use. It is sometimes said that leasing is a form of investment activity. In general, compared to other Asian countries, where leasing activity began to develop in the 1970s, it is still quite a new phenomenon for Vietnam. Since 1986, Vietnam has embarked on a comprehensive renewal process, which has resulted in the transition of the entire society to a market economy with State regulation. The process of economic reorganization runs parallel to the process of industrializati ... Read more
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China Online · 347 days ago 0 176
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Beijing, China
07.08.2023 (347 days ago)
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