Topic: risks

Data from FiinRatings shows that outstanding corporate bonds as of the end of September totaled more than VND1.3 quadrillion ($53 billion), or more than 13 per cent of 2021 GDP. Non-banking enterprises have VND908.8 trillion ($37 billion) and real estate enterprises VND455 trillion ($18 billion). This accounts for only 4 per cent of total credit in the banking system.

Analysts at the Vietnam Socio-Economic Forum 2022 on September 17 said that although the country’s eight-month CPI is relatively low, fluctuations have been significant and inflationary pressure and risks are increasing. Vietnam’s M2 money supply growth and M2 / GDP ratio are quite high compared to other countries in the region.

The Vietnam Leather, Footwear and Handbag Association (LEFASO) has reported that leather and footwear exports have been quite positive in the first half of 2022 but uncertainties over raw material supplies and orders slowing in the closing months of the year are still of concern to businesses. The industry will continue to face risks such as large inventories and slowing orders in the second half.

According to the Vietnam Leather, Footwear and Handbag Association (LEFASO), in the first half of 2022, leather and footwear exports are quite positive, but the uncertainties about raw material supply and orders slowing down in the last months of the year still make businesses "restlessness". In the second half, the industry still faces many risks such as large inventory, or slowed-down orders from now until the first quarter of 2023.