Immediate and long-term strategies on building sustainable financial structures were examined at a seminar held in Ho Chi Minh City by the Investment Bridge Magazine.
At the seminar, business leaders, bankers and economic experts agreed that over the past decade, loosening credit and easier lending policies have made businesses dependent on bank loans.
As a result, the corporate finance structure has not been strong enough to cope with economic difficulties.
Nguyen Xuan Thanh, Director of Public Policy of the Fulbright Economics Programme, pointed out the shortcomings of the structure which, he said, have led to the risk of bankruptcy and use of a financial black market, now worth trillions of VND.
Nguyen Nam Son, member of the board of directors of Thien Viet Stock Company, highlighted the spread of investment in the real estate market.
He suggested real estate companies restructure their management and focus their finances on core business.
Economic experts also introduced safe solutions to help businesses withdraw from real estate to minimise losses.
Source: VOV News
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