The Ministry of Finance has proposed corporate income tax rate on small and micro-sized enterprises be lowered than the common rate in an effort to support them to overcome the difficult time and promote their development.
Small- and medium-sized enterprises (SMEs) in supporting industries can benefit from multinational groups’ China plus-one strategies that include Vietnam, wrote Filippo Bortoletti, Country Director of the Dezan Shira & Associates Vietnam.
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.
The Ministry of Science and Technology (MoST) has been accelerating support for Vietnamese companies to promote technology transfer and develop new technologies for the creation of higher-quality and value-added products under the national technology innovation programme by 2030, according to an official.
VIB has raised 260 million USD in international syndicated loans from the Asian Development Bank (ADB), United Overseas Bank Limited (UOB) and nine Asian financial institutions.
Principal Private Sector Development Specialist of the Asian Development Bank (ADB) Donald Lambert has pointed out three ways that banking boards need to do to further empower women’s businesses in Vietnam.
The Asian Development Bank (ADB) signed a 25 million USD loan with Tien Phong Commercial Joint Stock Bank (TPB) to expand access to finance of women-owned and -led small and medium-sized enterprises (WSMEs) in Vietnam.
A business information portal was launched on December 23 with a view to helping address difficulties faced by enterprises, assisting policymaking, and proposing support measures for the development of businesses.
Malaysian small and medium enterprises (SMEs)’s growth contracted by 7.3 percent in 2020 for the first time in the past 17 years, reported the Department of Statistics Malaysia (DOSM).
The International Finance Corporation (IFC) is providing a 40 million USD loan to the Southeast Asia Commercial Joint Stock Bank (SeABank) to support local businesses and help them make a resilient recovery after the COVID-19 pandemic, the member of the World Bank Group said on June 28.
Digital transformation is considered to be among the key solutions to removing obstacles facing production and business and creating new development directions, and is being applied by many localities and enterprises amid the COVID-19 pandemic.
The SME Association of Malaysia (SME Malaysia) has urged the Government not to impose a full lockdown on the economy, warning that nearly 40 percent of small- and medium-sized enterprises (SMEs) will go bankrupt if that happens.
Prime Minister Nguyen Xuan Phuc has recently approved a legal assistance program for small-and medium-sized enterprises (SMEs) in the 2021-2025 period. The programme aims to promote awareness and sense of legal compliance and reduce legal risks and obstacles of SMEs that account for majority of the country’s total businesses.
The northern province of Bac Ninh has set itself a target of 2,500 new enterprises each year in the period from 2020 to 2025, as part of its scheme to support small and medium-sized enterprises (SMEs).
Ho Chi Minh City is set to roll out a second COVID-19 aid package worth 12 trillion VND (517 million USD) exclusively for small and medium-sized enterprises (SMEs).
E-commerce is developing rapidly in Vietnam but needs a new push to reach rural areas and help small- and medium-sized enterprises (SMEs) close the gap with large enterprises, experts have said.
Prime Minister Nguyen Xuan Phuc has requested ministries, ministerial-level agencies, localities, and associations promote the effective implementation of the law on supporting small-and medium-sized enterprises (SMEs).
Vietnam will receive an aid package worth 9.5 million USD to cope with COVID-19, including 5 million USD for economic assistance funds, according to the US Department of State.
Malaysia expects its fiscal deficit to widen to 4 percent of gross domestic product (GDP) this year because of the 58 billion USD stimulus measures announced to counter the impact of the coronavirus pandemic on the economy.
The Thai Prime Minister clarified, during the censure debate this week, that the government has expedited measures to stimulate the economy quickly and strengthen the foundations of the country.
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