Joint effort needed to help SMEs access capital
Capital has been playing a key role in the development of small and medium sized enterprises. However, 60 percent of them have not had access to capital.
Capital has been playing a key role in the development of small and medium sized enterprises. However, 60 percent of them have not had access to capital.
Vietnam ranks 29th out of 190 countries and territories in credit access, while small and medium sized enterprises account for 21 percent of total outstanding loans in 2017.
According the Vietnam Chamber of Commerce and Industry (VCCI), Vietnam has 670,000 enterprises, of which 97 percent are small and medium sized ones.
However, 60 percent of SMEs nationwide have not had access to capital. Therefore, supports from banks and credit institutions would be vital for their development.
You should also see
Vietnam becomes biggest rice supplier for Singapore
Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD (26.55 million USD) worth of rice in the first three months of this year, an increase of 80.46% over the same period in 2023, winning 32.03% of the market share, according to the Vietnam Trade Office in Singapore.
See more
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
Videos
“Golden” chance to start domestic tourism boom
The upcoming National Reunification Day (April 30) and May Day (May 1) holidays, which spans five days from April 27 to May 1 and marks the start of the peak season, will provide a "golden" chance for the tourism sector to promote growth through domestic and international travelling activities.
Videos
Ninh Binh listed among world’s top 10 free-crowd wonders
The northern province of Ninh Binh has been named among the list of the top 10 free-crowd wonders of the world, as compiled by media outlet the Daily Mail of the UK.
Videos
Agro-forestry-fisheries products nearly double in Q1
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at over 13.5 billion USD, up nearly 22% over the same period last year, according to the Ministry of Agriculture and Rural Development.
Videos
Hung Kings’ Commemoration Day - Vietnam’s long-held tradition
Many Vietnamese have learned by heart a “six-eight” iambic couplet verse stating that no matter how far Vietnamese people travel, they always remember the Hung Kings’ Commemoration Day. This important holiday falls on the tenth day of the third lunar month in remembrance of Vietnam’s Hung Kings.
