Tuesday, July 25, 2017 - 19:37:57

Lam Dong enterprises connected to SME development fund

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Illustrative image (Source: VNA)
Lam Dong (VNA) – The People’s Committee of the Central Highlands province of Lam Dong and the Small & Medium Enterprise Development Fund launched a connectivity programme in the locality on April 14.

More than 200 local small and medium-sized enterprises were introduced to the fund, and how to access its financial support.

Many SMEs expressed interest in the fund’s assistance for start-ups and the use of greenhouses as collateral for loans.

Vice Chairman of the provincial People’s Committee Nguyen Van Yen said the province currently records 6,447 businesses with a total registered capital of nearly 61 trillion VND (2.65 billion USD), including 917 new firms established in 2016.

He said the average annual revenue of local firm is more than 10 billion VND (434,000 USD) and over 53 percent of businesses earn profit.

Thanks to strength in agriculture and tourism services, Lam Dong leads the country in high-tech agricultural production with more than 40,000ha and an average earning of 800 million VND – 1 billion VND each ha per year.-VNA
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