Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to check reports that many businesses “thirsty for capital” are at risk of being targeted by foreign funds, so that appropriate measures may be taken to help them overcome the difficulties.

At a dialogue between Ho Chi Minh City authorities and company representatives in the city on February 17, many businesses in fields such as garments and textiles, mechanics, and food said they are experiencing difficulties due to capital shortages.

A previous article in VnEconomy quoted Chairwoman of the Ho Chi Minh City Food and Foodstuff Association Ly Kim Chi as telling the dialogue that some major businesses in the city want to invest in advanced technology but have encountered financial difficulties in doing so. She added that many foreign funds are “hunting” these businesses.

No business is looking to be sold when production and trade are stable, she said. Businesses are in need of policy support, and especially on interest rates, to stabilize production.