In the Government meeting last June, Prime Minister Pham Minh Chinh emphasized prioritizing growth objectives and promoting the three growth drivers (investment, exports, consumption) while ensuring macroeconomic stability and people's livelihoods, thus facilitating economic development.

Also in the meeting, the Prime Minister directed efforts to address difficulties faced by enterprises, focusing on the practical issue of business slowdown and stagnation. The government's orientation towards loosening monetary policies is aimed at overcoming challenges and revitalizing production and business activities.

From the perspective of the business community, Mr. Dau Anh Tuan, Deputy Secretary General and Head of the Legal Department of the Vietnam Chamber of Commerce and Industry (VCCI), stated that the shift in monetary policy from "tight and firm" to "flexible and relaxed" in the context of pursuing multiple development objectives is indeed a correct response to the current demands and needs.

Drawing a comparison to dry fields and the government's efforts to provide water for irrigation, Mr. Dau Anh Tuan suggests that business operations require capital, just as agriculture needs water for cultivation. When water is lacking, it's evident that agriculture cannot thrive, similar to how businesses facing a capital shortage will inevitably encounter difficulties.

Mr Dau Anh Tuan, Deputy Secretary General and Head of the Legal Department at the Vietnam Chamber of Commerce and Industry (VCCI),

Deputy Secretary General of VCCI stated: Looking back at the entire year of 2022, the capital flow to businesses faced numerous difficulties, especially the flow of funds from bonds.

After a period of growth, partly due to inadequate control, Vietnam adjusted its approach, leading to a situation of freezing and making it extremely challenging to mobilize long-term capital from bonds. Additionally, other pressing challenges from the global market have impacted: Reduced orders, tough business activities, businesses facing multiple difficulties, high interest rates for bank loans... In the recent period, interest rates reached double digits, which is already challenging for normal business operations, not to mention accumulation and development.

"Therefore, the current priority solution focuses on monetary policy in the direction of lowering interest rates and increasing money supply to create favorable conditions for business borrowing. In our view, this policy is highly accurate and essential," shared Mr. Dau Anh Tuan.

Head of the Regulatory Affairs Committee at VCCI also added: The State Bank has reduced the operating interest rates on multiple occasions. In many meetings from the beginning of the year until now, the head of the government continuously stressed and conveyed the message of efforts to lower interest rates. This aligns perfectly with the needs of businesses, as having capital is crucial for facilitating successful export-oriented enterprises.

Currently, for numerous export-oriented businesses across various sectors, having capital to expedite the flow of goods and boost production and business activities, expanding their scope and operations, is also essential. Hence, creating conditions for businesses to access capital with reasonable and lower costs is a well-grounded policy.

Currently, many businesses are stating that accessing cheap capital through loans remains very challenging.

Based on the insights and recommendations from the business community, Mr. Tuấn stated, "Currently, many businesses are indicating that accessing cheap capital through loans is still very difficult. Therefore, it's essential that monetary policies like these are implemented swiftly in practice, and that businesses are able to borrow funds with reasonable interest rates to drive production and business activities."

Because the economic figures for the first 6 months of the year paint a worrisome picture of business and the economy. If businesses cannot sustain their operations, cannot grow, it undoubtedly affects economic growth—an important objective. It certainly affects employment, job opportunities, and undoubtedly impacts the budget revenue. In the long run, it affects the existence of businesses. There's a trend showing a decrease in these factors. The high number of businesses leaving the market in the first 6 months of the year is also a signal of this.

"Therefore, from our perspective, this policy is very crucial, central, and necessary in this period," emphasized Mr. Dau Anh Tuan.

According to Anh Vu (Enterprise Forum Magazine).