SMEs to access more financial assistance packages
A number of banks will introduce financial assistance packages to small- and medium-sized enterprises (SMEs) to enable their active participation in international integration.
The banks have been entrusted by the Ministry of Planning and Investment’s Small and Medium Enterprise Development Fund, according to the Vietnam Chamber of Commerce and Industry.
Accordingly, each SME working in innovation and creativity is entitled to loans worth a maximum of 10 billion VND from a 100 billion VND (4.54 million USD) programme.
Those working in agro-forestry-fisheries will be able to borrow 150 billion VND (6.81 million USD), with each eligible to no more than 25 billion VND, as will those engaging in support industry for electronics and mechanical engineering.
The credit limit for SMEs operating in wastewater treatment amounts to 100 billion VND, and each could borrow up to a maximum of 25 billion VND.
Interested businesses are advised to refer to the ministry’s Circular No.13/2015/TT-BKHDT on the list of fields in need of priority support and criteria for borrowers under the fund’s scheme.
Accordingly, each SME working in innovation and creativity is entitled to loans worth a maximum of 10 billion VND from a 100 billion VND (4.54 million USD) programme.
Illustrative image
|
The credit limit for SMEs operating in wastewater treatment amounts to 100 billion VND, and each could borrow up to a maximum of 25 billion VND.
Interested businesses are advised to refer to the ministry’s Circular No.13/2015/TT-BKHDT on the list of fields in need of priority support and criteria for borrowers under the fund’s scheme.
14:43, 2024/11/18
Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.
21:55, 2024/10/22
Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
15:24, 2024/09/24
Vietnam calls for more US investment in innovation, hi-tech
The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.
14:13, 2024/09/23
Vietnamese leader urges Boeing to build production facility in Vietnam
Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.
14:38, 2024/09/17
Foreign capital pouring into Vietnam's real estate market
Experts are optimistic that the 2024 Land Law, once enacted, will help resolve legal bottlenecks and attract more FDI.
16:27, 2024/08/24
Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years