SMEs benefit from State’s business support policies

Hanoi (VNA) – Small- and medium-sized enterprises (SMEs) will benefit from many support policies of the State, especially those in information support; consultation; human resources development; startup and innovation; and value chain participation.  

Under Decree 39/2018/ND-CP recently issued by the Government, SMEs will be free to access information in the national information portal for supporting SMEs managed by the Ministry of Planning and Investment, and other information portals managed by ministries, ministry-level agencies, municipal and provincial-level People’s Committees.

To help SMEs develop their human resources, the State budget will support at least 50 percent of the total cost of a business start-up and business administration training course for SMEs. Meanwhile, SMEs in advantaged areas and those owned by women will be exempted from tuition fees for training.

Business households, which register to shift to enterprises, will be given free consultation and guidance.

SMEs converted from business households meeting paperwork conditions will be exempt from the enterprise registration fee for the first time at business registration offices, and the fee for publicising the content of first-time enterprise registration at the national business registration portal.

They shall also be exempted from appraisal fee and first-time business licensing fee for conditional business lines; and license fee within three years from the date of issuance of the first enterprise registration certificate.

SMEs will also benefit from other support policies concerning intellectual property consultancy; intellectual property exploitation and development; the implementation of procedures on standards, technical regulations, measurement and quality; the pilot of new business models; technology application and transfer; trade promotion and commercialisation, among others.-VNA