1. According to a recent report of the Chamber of Commerce and Industry of Vietnam, the number of businesses that have closed or stopped business activity increased up to 30,000 businesses. 2. Ministry of Planning and Investment blame for this bad business environment as well as the difficult economic situation. In addition, the central agency has not issued effective solutions to support businesses with small and medium scale. 3. The majority of businesses operating in the banking, real estate and they are faced with financial difficulties when the housing market froze during the global economic crisis. 4. When economies decline, these firms lack the capital to maintain and expand their manufacturing operations and to borrow from commercial banks with high interest rates. 5. Mr Teo, chairman of the association of small businesses in the country, has asked the government to consider cutting corporate income tax to support enterprises to overcome difficulties and survive in difficult economic context. 6. Besides, the government should issue timely policies preventing the importation of foreign goods for improving demand for domestic goods or heavy economic stimulus for businesses by borrowing funds Cheap to continue the production.
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