The Government has proposed a Law on Development of SMEs to replace the Law on Support for SMEs 2017 which was discussed at the National Assembly’s Standing Committee on August 28.
It is critical for SMEs to improve financial transparency and accelerate digital transformation to strengthen competitiveness and adapt to a rapidly changing business environment, an SME dialogue heard on June 24.
The government is drafting comprehensive amendments to the Law on Support for Small and Medium-Sized Enterprises to a more coherent, long-term and effective legal framework for the business sector.
