Vietnamplus

The Law on Support for Small- and Medium-sized Enterprises (SME) took effect on January 1, 2018, but its programmes have not provided adequate coverage to make any big difference.

Secretary of the Hanoi Municipal Party Committee Vuong Dinh Hue has said that the city is willing to listen to enterprises’ feedback to untie “knots” regarding policies, site clearance and planning adjustments, as public and private investment is an economic lifesaver of the city's economy.

Ho Chi Minh City has applied measures to encourage business households to turn themselves into companies, but the results have not met expectations, according to the municipal government.

The regulation on the private placement shares of a start-up company is sparking opposing public opinions as it can pose potential risks and create overlaps with other laws.

“Vietnam is shaping up to be Southeast Asia’s next hottest startup ecosystem” is the title of an article recently posted on the website of TechinAsia – the largest English-language technology media company in Singapore that focuses on Asia.

Business red tape in Vietnam was slashed last year, but up to 60 percent of small-and medium-sized enterprises (SMEs) said the change has failed to help them.

The Ministry of Planning and Investment (MPI) held a workshop in Hanoi on September 19 to provide updates on the Law on Support for Small- and Medium-sized Enterprises and its enforcement in order to solve some of the issues that have arisen during its implementation.

Innovative start-ups will enjoy financial support from the National Technology Innovation Foundation (NATIF) fund, according to a directive issued by Prime Minister Nguyen Xuan Phuc.

Prime Minister Nguyen Xuan Phuc has issued a directive on implementation of the Law on Support for Small- and Medium-sized Enterprises (SMEs).

Places with stable and favourable policies which promote business linkages are magnets for foreign investment, said Chairman of the Japanese Business Association in Vietnam Sagara Hirohide.

A conference was held in Hanoi on October 19 to collect ideas on the draft Law on Support to Small and Medium-sized Enterprises that will be debated during the 14th National Assembly’s second session