Japanese bank assists Vietnamese SMEs

Hanoi (VNA) – The Johnan Shinkin Bank of Japan (JSB) will provide financial information and consultations for Vietnam’s Small- and Medium-sized Enterprise Development Fund (SMEDF) under a Memorandum of Understanding (MoU) inked in Hanoi on March 14.

The two sides will also exchange officials and cooperate with each other in organising workshops and other business connectivity activities.

Addressing the ceremony, SMEDF Director Hoang Thi Hong lauded JSB’s collaboration, which demonstrates its special attention to the development of Vietnamese small- and medium-sized enterprises (SMEs) as well as the country’s economic growth in general.

She noted her hope that the cooperation will bring about specific solutions to assist SMEs of Vietnam, the region and the world at large.

JSB Chairman Masao Morita highlighted Vietnam’s rapid economic growth rate, adding that SMEs play an irreplaceable part in driving economic growth.

Presently, Vietnam houses 600,000 SMEs, which are expected to give a boost to the national economy, he said, voicing his wish that the MoU will allow the partners to give effective support to the SMEs in making greater contributions to the country.

The bank will support its Japanese business customers who are interested in investing in Vietnam, he promised.-VNA