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VN shifts from supporting to developing SMEs

VN shifts from supporting to developing SMEs

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.
CRIF Vietnam, APED partner to boost SMEs green and digital transition

CRIF Vietnam, APED partner to boost SMEs’ green and digital transition

The partnership will connect APED’s Twin Maturity Assessment (TMA) with CRIF’s Synesgy ESG platform, while exploring enterprise data infrastructure to support private-sector development.
Only 8.8 per cent of SMEs have access to loans: FiinGroup

Only 8.8 per cent of SMEs have access to loans: FiinGroup

SMEs account for about 94 per cent of businesses nationwide but generate less than 20 per cent of total revenue and around 8 per cent of import-export turnover, the report said.
Twelve banks roll out 15.5 billion preferential credit for SMEs, growth drivers

Twelve banks roll out $15.5 billion preferential credit for SMEs, growth drivers

The rapid rollout of the programmes reflects banks'' efforts to channel credit towards sectors considered key drivers of economic growth while providing greater support to SMEs.
PM urges SMEs to aim higher towards 2 million businesses target by 2030

PM urges SMEs to aim higher towards 2 million businesses target by 2030

PM Hưng expected the next 20 years should be a period in which Vietnamese SMEs grow not only in number but also in quality, productivity, technology, management capacity and scale to contribute to the government''s target of double-digit economic growth...
Hà Nội pushes AI, e-commerce adoption among SMEs to spur double-digit growth

Hà Nội pushes AI, e-commerce adoption among SMEs to spur double-digit growth

Hà Nội had more than 11,000 digital technology firms, over 1,000 startups and 221 science and technology enterprises, giving it a strong foundation to accelerate digital transformation.
Deeper reforms needed to achieve target of 2 million firms

Deeper reforms needed to achieve target of 2 million firms

The target, set under the Politburo’s Resolution 68 on private sector development, means the country will need to add around 200,000 net active businesses each year over the next five years.
Businesses continue to seek cheaper financing as lending rates remain high

Businesses continue to seek cheaper financing as lending rates remain high

Business representatives said high interest rates are not only increasing financing costs, but also discouraging investment, particularly among small and medium-sized enterprises (SMEs), which account for more than 98 per cent of all businesses in Việt Nam.
Ninh Bình targets 200 more OCOP products until 2030

Ninh Bình targets 200 more OCOP products until 2030

Ninh Bình Province aims to develop about 200 products rated three stars or higher under the One Commune One Product (OCOP) programme during the 2026-2030 period. The target includes at least four products recognised as national five-star OCOP products. 
SMEs move from digital awareness to implementation as trust becomes key

SMEs move from digital awareness to implementation as trust becomes key

Despite greater awareness, implementation remains uneven, with some companies failing to achieve expected returns after investing in digital systems because of insufficient expertise and inadequate operating processes.
Unsecured small loan threshold to be raised from August 15

Unsecured small loan threshold to be raised from August 15

Small loans will be capped at VNĐ200 million for people''s credit funds and VNĐ400 million for all other credit institutions, from the current maximum of VNĐ100 million.
SMEs urged to boost transparency, digitalisation to improve competitiveness

SMEs urged to boost transparency, digitalisation to improve competitiveness

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.
Việt Nam urged to simplify green credit access for SMEs

Việt Nam urged to simplify green credit access for SMEs

Việt Nam should simplify certification requirements for green projects and build a digital data platform for environmental data to help small and medium-sized enterprises (SMEs) access green loans, experts said at a conference on June 23.
Hà Nội approves support policies for private enterprises in five key sectors

Hà Nội approves support policies for private enterprises in five key sectors

Under the resolution, eligible beneficiaries include businesses registered in Hà Nội that either have no State ownership or have State capital accounting for less than 50 per cent of charter capital.