Almost 73 percent of businesses in Vietnam intend to scale-down, temporarily suspend operations, or shut-up shop altogether in 2024, according to a survey conducted by the Private Economic Development Research Board (Division IV) and VN Express.
Pulled from the responses of 2,700 Vietnamese businesses, the survey also found that of businesses that intended to continue to operate in 2024, 59 percent said they intended to cut their workforce by 5 percent or more and 60 percent said they expected their revenue to fall.
The rest of this article covers the assessment of local firms of government support measures. Note that the Private Economic Development Research Board (Division IV) is an arm of the Government’s Advisory Council for Administrative Procedure Reform.