High rates hamper Vietnam economic recovery

Better framework: A small business owner carries horse figurines on her bicycle in Hanoi. Vietnam’s long-term economic prospect depends a lot on the development of its business community. — AFP

HANOI: High interest rates have been hurting the ability of businesses to recover and invest in ramping up production capacity, say industry insiders and economists.

Economists called for the central government to take measures to bring down the rates, which have been sitting around 10% in recent months.