According to the Ministry of Finance, the economy's growth still highly depends on bank credit, with credit outstanding balance accounting for 1.4% of GDP / while the recommended level is only 0.6-0.8%. Medium and long-term interest rates are at about 9.6%.
These are big challenges for the development of the capital market and sustainable development. In addition, complicated administrative procedures were mentioned as another obstacle, which Vietnam will need to overcome in the future.
