In the Republic of Korea, small and medium-sized enterprises (SMEs) play a crucial role in the country's socio-economic development, accounting for over 99% of all businesses and creating 82.7% of total jobs. Vietnamese workers, who come to the country under the Employment Permit System, primarily work in these SMEs and are highly regarded for their strong vocational skills, diligence, and hard work.
Firms can borrow from the Small- and Medium-sized Enterprise (SME) Development Fund with a short-term interest rate of 1.2% per year and a long-term interest rate of 4.4% per year, effective from October 4, 2023, the Ministry of Planning and Investment announced.
The Saigon-Hanoi Commercial Joint Stock Bank (SHB) has teamed up with the International Finance Corporation (IFC) to increase access to finance for small and medium enterprises (SMEs) in Vietnam.
Deputy Prime Minister Le Minh Khai has signed a decision approving a programme to support private enterprises in sustainable business development in the 2022-2025 period.
Indonesian President Joko Widodo has hihglighted three major economic and business strategies, comprising industrial downstreaming, digitising micro, small and medium enterprises (MSMEs); and developing a green economy.
The increasing importance of Vietnam in global supply chains is great potential helping to enhance the Vietnam-India relations, particularly between small- and medium-sized enterprises (SME) that are considered the main drivers for economic growth in each country, heard an online conference on February 25.
Micro-, small- and medium-sized enterprises (MSMEs) account for nearly 97 percent of the total number of businesses in Ho Chi Minh City, with more than 90 percent of newly-established ones every year belonging to this category.
The Small- and Medium-sized Enterprise (SME) Development Fund has launched a financial aid package worth 560 billion VND for SMEs, according to the Ministry of Planning and Investment.
NA Chairwoman Nguyen Thi Kim Ngan called it critical to clarify criteria determining which businesses are small and medium sized in order to raise feasible support.
Canadian Foreign Minister Stephane Dion has announced that his country will provide 15 million CAD to help SMEs in Vietnam with initiatives and technologies to reduce greenhouse gas emissions.
The Ministry of Finance is drafting a proposal on corporate income tax applicable for small and medium-sized enterprises (SMEs) in the next five years.
A conference on promoting linkage among the business community in the Trans Pacific Partnership (TPP) zone was held in the southern city of Ho Chi Minh on April 1.
A meeting to share opportunities and address challenges in business processes was opened in the southern province of Dong Nai on March 10 with the participation of over 300 enterprises.
Thailand's government on February 23 approved loans totalling 93 billion THB (2.6 billion USD) to help drought-hit agricultural areas and spur the country’s economy.
