<p>根據國家統計局的調查，2026 年第一季度的商業活動總體保持穩定，但各行業之間存在明顯差異。不斷上升的投入成本和疲弱的市場需求繼續對企業造成壓力，近一半的企業呼籲降低貸款利率以減輕財務壓力。</p>
<p>該調查覆蓋了 34 個省市的 19,907 家企業，響應率為 97.4%。結果顯示，68.8% 的企業報告稱第一季度的運營情況比 2025 年第四季度有所改善或保持不變。其中，20.5% 表示情況有所改善，48.3% 描述其狀況為穩定。同時，31.2% 的企業表示經營條件惡化。</p>
<p>然而，與上一季度相比，企業變得更加謹慎。報告改善的企業比例下降了 4.9 個百分點，而描述情況穩定的比例下降了 2.1 個百分點。同時，報告面臨更大困難的企業比例上升了 7 個百分點，這表明復甦仍然脆弱。</p>
<p>近 47% 的企業建議政府及相關部門採取措施降低貸款利率，以減輕投入成本壓力。</p>
<p>從行業來看，貿易和服務業仍然是最樂觀的領域。約 77.9% 的企業報告其運營情況有所改善或保持穩定，其中 21.1% 報告改善，56.8% 保持穩定。只有 22.1% 的企業表示情況變得更加困難。</p>
<p>製造和加工行業的表現也相對穩定，69.9% 的企業報告運營情況改善或保持穩定。然而，30.1% 的企業仍面臨困難，表明關鍵生產行業的壓力尚未完全緩解。</p>
<p>建築行業仍然是最具挑戰性的領域。只有 55.6% 的企業報告運營情況改善或保持穩定，而 44.4% 的企業表示與上一季度相比情況惡化，反映出材料成本上升和市場挑戰的強烈影響。</p>
<p>外資企業表現出最高的樂觀情緒，71.7% 的企業報告運營情況改善或保持穩定。國有企業和國內私營企業的相應數據分別為 69.5% 和 68.3%，這表明挑戰在商業社區中普遍存在。</p>
<p>原材料、燃料和物流服務價格上漲仍然是最顯著的挑戰。多達 56.1% 的企業將不斷上升的投入成本視為主要困難，與前幾個季度相比大幅上升。</p>
<p>在需求方面，國內消費的緩慢復甦繼續影響商業活動。約 50.4% 的企業表示疲弱的市場需求直接影響了其運營，這一數據與上一季度基本保持不變。</p>
<p>建築行業受到特別影響，70.1% 的企業因材料價格上漲而面臨困難。針對這些挑戰，企業提出了幾項政策建議。降低貸款利率成為最常見的提議，得到了 46.8% 的受訪企業的支持。超過一半的受訪者，即 54.8%，呼籲採取政策穩定原材料和服務成本的價格，而 33.5% 建議採取措施確保生產的穩定供應。</p>
<p>關於財政政策，37.5% 的企業建議調整税收、費用和其他財務義務，以更好地適應當前經濟狀況，而 19.9% 的企業建議降低土地租金以減輕成本負擔。這些建議不僅反映了當前的緊迫關切，也體現了對能夠增強競爭力並幫助企業適應日益不確定的經濟環境的長期政策的期望。</p>

南方東英越南30

<p>越南的企業正面臨不斷上升的投入成本和疲軟的市場需求，近 47% 的企業呼籲降低貸款利率以減輕財務壓力。對 19,907 家企業的調查顯示，68.8% 的企業在 2026 年第一季度報告運營穩定或改善，儘管 31.2% 的企業注意到情況惡化，謹慎情緒有所增加。建築行業尤其面臨挑戰，70.1% 的企業因高材料價格而感到困難。建議包括穩定原材料價格和調整財政政策，以增強在經濟不確定性中的競爭力</p>

<p>HÀ NỘI Business activity in the first quarter of 2026 remained broadly stable but showed clear divergence across sectors, according to a survey by the National Statistics Office. Rising input costs and weak market demand continue to weigh on enterprises, with nearly half calling for lower lending interest rates to ease financial pressure.</p>
<div class="lb-trans"><p>根據國家統計局的調查，2026 年第一季度的商業活動總體保持穩定，但各行業之間存在明顯差異。不斷上升的投入成本和疲弱的市場需求繼續對企業造成壓力，近一半的企業呼籲降低貸款利率以減輕財務壓力。</p>
</div><p>The survey covered 19,907 enterprises across 34 provinces and cities, with a response rate of 97.4 per cent. Results show that 68.8 per cent of businesses reported their operations in the first quarter were either better or unchanged compared with the fourth quarter of 2025. Among them, 20.5 per cent said conditions had improved while 48.3 per cent described their situation as stable. Meanwhile, 31.2 per cent said business conditions had worsened.</p>
<div class="lb-trans"><p>該調查覆蓋了 34 個省市的 19,907 家企業，響應率為 97.4%。結果顯示，68.8% 的企業報告稱第一季度的運營情況比 2025 年第四季度有所改善或保持不變。其中，20.5% 表示情況有所改善，48.3% 描述其狀況為穩定。同時，31.2% 的企業表示經營條件惡化。</p>
</div><p>Compared with the previous quarter, however, businesses have become more cautious. The share of firms reporting improvement declined by 4.9 percentage points, while the proportion describing conditions as stable fell by 2.1 percentage points. At the same time, the percentage of enterprises reporting greater difficulties rose by seven percentage points, suggesting that the recovery remains fragile.</p>
<div class="lb-trans"><p>然而，與上一季度相比，企業變得更加謹慎。報告改善的企業比例下降了 4.9 個百分點，而描述情況穩定的比例下降了 2.1 個百分點。同時，報告面臨更大困難的企業比例上升了 7 個百分點，這表明復甦仍然脆弱。</p>
</div><p>Nearly 47 per cent of enterprises proposed that the Government and relevant ministries introduce measures to lower lending interest rates in order to reduce input cost pressures.</p>
<div class="lb-trans"><p>近 47% 的企業建議政府及相關部門採取措施降低貸款利率，以減輕投入成本壓力。</p>
</div><p>By sector, trade and services remained the most optimistic area. About 77.9 per cent of businesses in the sector reported improved or stable operations, including 21.1 per cent reporting improvement and 56.8 per cent stability. Only 22.1 per cent said conditions had become more difficult.</p>
<div class="lb-trans"><p>從行業來看，貿易和服務業仍然是最樂觀的領域。約 77.9% 的企業報告其運營情況有所改善或保持穩定，其中 21.1% 報告改善，56.8% 保持穩定。只有 22.1% 的企業表示情況變得更加困難。</p>
</div><p>Manufacturing and processing industries also maintained relatively stable performance, with 69.9 per cent of enterprises reporting improved or stable operations. However, 30.1 per cent still faced difficulties, indicating that pressures on the key production sector have not fully eased.</p>
<div class="lb-trans"><p>製造和加工行業的表現也相對穩定，69.9% 的企業報告運營情況改善或保持穩定。然而，30.1% 的企業仍面臨困難，表明關鍵生產行業的壓力尚未完全緩解。</p>
</div><p>Construction remained the most challenging sector. Only 55.6 per cent of enterprises reported improved or stable operations, while 44.4 per cent said conditions had worsened compared with the previous quarter, reflecting the strong impact of rising material costs and market challenges.</p>
<div class="lb-trans"><p>建築行業仍然是最具挑戰性的領域。只有 55.6% 的企業報告運營情況改善或保持穩定，而 44.4% 的企業表示與上一季度相比情況惡化，反映出材料成本上升和市場挑戰的強烈影響。</p>
</div><p>Foreign-invested enterprises showed the highest level of optimism, with 71.7 per cent reporting improved or stable performance. The corresponding figures for State-owned enterprises and domestic private firms were 69.5 per cent and 68.3 per cent respectively, indicating that challenges are broadly shared across the business community.</p>
<div class="lb-trans"><p>外資企業表現出最高的樂觀情緒，71.7% 的企業報告運營情況改善或保持穩定。國有企業和國內私營企業的相應數據分別為 69.5% 和 68.3%，這表明挑戰在商業社區中普遍存在。</p>
</div><p>Rising prices of raw materials, fuel and logistics services remain the most significant challenge. As many as 56.1 per cent of enterprises identified increasing input costs as their main difficulty, a sharp rise compared with previous quarters.</p>
<div class="lb-trans"><p>原材料、燃料和物流服務價格上漲仍然是最顯著的挑戰。多達 56.1% 的企業將不斷上升的投入成本視為主要困難，與前幾個季度相比大幅上升。</p>
</div><p>On the demand side, the slow recovery of domestic consumption continues to affect business activity. About 50.4 per cent of enterprises said weak market demand directly impacted their operations, a figure that has remained largely unchanged from the previous quarter.</p>
<div class="lb-trans"><p>在需求方面，國內消費的緩慢復甦繼續影響商業活動。約 50.4% 的企業表示疲弱的市場需求直接影響了其運營，這一數據與上一季度基本保持不變。</p>
</div><p>The construction sector has been particularly affected, with 70.1 per cent of firms reporting difficulties due to higher material prices. In response to these challenges, enterprises have put forward several policy recommendations. Lower lending interest rates emerged as the most common proposal, supported by 46.8 per cent of surveyed businesses. More than half of respondents, or 54.8 per cent, called for policies to stabilise prices of raw materials and service costs, while 33.5 per cent recommended measures to ensure stable supply for production.</p>
<div class="lb-trans"><p>建築行業受到特別影響，70.1% 的企業因材料價格上漲而面臨困難。針對這些挑戰，企業提出了幾項政策建議。降低貸款利率成為最常見的提議，得到了 46.8% 的受訪企業的支持。超過一半的受訪者，即 54.8%，呼籲採取政策穩定原材料和服務成本的價格，而 33.5% 建議採取措施確保生產的穩定供應。</p>
</div><p>Regarding fiscal policy, 37.5 per cent of enterprises suggested adjusting taxes, fees and other financial obligations to better match current economic conditions, while 19.9 per cent proposed reducing land rental fees to ease cost burdens. The recommendations reflect not only immediate concerns but also expectations for longer-term policies that can enhance competitiveness and help enterprises adapt to an increasingly uncertain economic environment. VNS</p>
<div class="lb-trans"><p>關於財政政策，37.5% 的企業建議調整税收、費用和其他財務義務，以更好地適應當前經濟狀況，而 19.9% 的企業建議降低土地租金以減輕成本負擔。這些建議不僅反映了當前的緊迫關切，也體現了對能夠增強競爭力並幫助企業適應日益不確定的經濟環境的長期政策的期望。</p>
</div>

Businesses call for lower lending rates as cost pressures mount

- 2026 年第一季度的企業活動保持穩定，但行業間差異明顯。  
- 近 50% 的企業呼籲降低貸款利率以減輕成本壓力。  
- 建築行業挑戰明顯，70.1% 企業因材料價格上漲面臨困難。

隨着成本壓力的增加，企業呼籲降低貸款利率