Singapore's fintechnews.sg has published an article entitled "Vietnam's SMEs Get a Boost from Digital Lending" affirming that a strong import-export boom and positive digital trends are lending a helping hand to Vietnam's small and medium-sized enterprises (SMEs) to sustain growth.
Cash flow shortage is a common challenge faced by small- and medium-sized enterprises (SMEs) in Southeast Asia, with 58% of those from Singapore, Malaysia, Thailand and Indonesia reporting their existing cash flow sufficient to sustain their operations for six months, according to a YouBiz report.
Small and medium-sized (SME) enterprises will be assisted in terms of production and business management capacity under the second phase of a programme launched by the Agency for Enterprise Development (AED) under the Ministry of Planning and Investment (MPI).
The Thai Cabinet has approved a set of new tax measures that include special corporate tax exemption for eligible firms, individual income tax deductions, and those to promote climate actions.
Both foreign and domestic fintech firms are promoting connections with commercial banks to lend unsecured loans to individuals, and small and micro enterprises as demand for consumer and business loans at the end of the year is rising.
The transition towards a circular economy (CE) offers 4.5 trillion USD in economic opportunities globally by reducing waste, stimulating innovation, and creating employment, according to Ramla Khalidi, Resident Representative of UNDP in Vietnam.
A forum was held in the central province of Quang Nam to support small- and medium-sized enterprises (SMEs) of the Republic of Korea (RoK) to expand investment and business opportunities in Vietnam.
Economic downturn has caused financial difficulties for people, forcing them to re-consider consumption-related issues. On that basis, the sharing economy made its way in the world and has been developing strongly with new forms.
The International Finance Corporation (IFC) has completed the disbursement of a loan worth nearly 3.7 trillion VND (150 million USD) to Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to promote projects which would create sustainable value for the business community and the economy.
Vietnam advocates switching from attracting FDI to cooperating with foreign investors in the spirit of equality for mutual benefits and development, with priority given to hi-tech and eco-friendly projects, said President Nguyen Xuan Phuc at a high-level seminar with the US-APEC Business Alliance for Competitive SMEs in Bangkok on November 17.
The US International Development Finance Corporation (DFC) and the Southeast Asia Commercial Joint Stock Bank (SeABank) officially signed a loan agreement worth 200 million USD.
The Business Registration Agency under the Ministry of Planning and Investment has released a report assessing Vietnamese enterprises’ responsiveness to the COVID-19 pandemic, and proposed some measures for improving their adaptability to crises.
The Small and Medium Enterprises Support Programme for Digital Transformation (SMEdx) of the Ministry of Information and Communications has reached about 490,000 SMEs by the end of last month, accounting for 61% of the total number of enterprises nationwide, achieving an average growth rate of 20% per month.
The Vietnam Innovation Challenge 2022 was launched on October 25, aiming to seek innovation solutions from around the world to help the country address major challenges and achieve prosperous and sustainable development.
Heads of ASEAN member economies have agreed to create a mechanism to promote competition, create an environment conductive for regional SMEs to enter ASEAN amid economic recovery from COVID-19 crisis.
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