Experts said the draft amendments to the Law on Support for Small- and Medium-Sized Enterprises (SMEs) focuses largely on support after conversion, despite the fact that many household businesses face their greatest challenges before deciding to formalise.
Though the credit growth rate last year was lower than in 2022, disbursement was redirected into the city’s key production, trading and services sectors.
The Government needs to carefully monitor and outline finance packages to assist businesses affected by the pandemic to quickly recover the national economy, according to experts.
The Ministry of Industry and Trade (MoIT) needs to give more support to enterprises in establishing stable and reliable distribution channels for expanding trade promotion activities and consumption markets, especially for agricultural products.
