Only about 30 percent of small and medium-sized enterprises (SMEs) have gained access to bank loans, while the rest have to borrow from other sources at high interest rates.
HCM City (VNA) – Only about 30 percent of small and medium-sized enterprises (SMEs) ha𝄹ve gained access to bank loans, while the rest have to borrow from 🌌other sources at high interest rates, according to the Science Institute of SMEs Management (SISME).
The figure, part of results of a SISME survey, was released at a conference held in Ho Chi Minh City on January 13 to seek ways to improve SMEs’ access to loans. Experts attributed this to the SMEs’ lack of collateral which they said, has made it difficult for them to borrow.
SMEs contribute nearly 40 percent of the gross domestic product, and generate 50 percent of jobs nationwide, they said.
Do Tan Truc, head of the business support office under the Ho Chi Minh City Credit Guarantee Fund for SMEs, said the city is taking measures to address the problem through programmes on demand stimulation and linking businesses with banks.
He said his office is ready to provide consultation to the SMEs.-VNA
State Bank of Vietnam would further formulate policies to support efficient small- and medium-sized enterprises and those manufacturing and exporting products.
The SME Development Project in Tra Vinh will grant a support worth over 7 billion VND (310,500 USD) to local SMEs to reduce emissions during their production while bolstering sustainable development.
The Ministry of Planning and Investment gathered feedback on its draft strategy for small- and medium-sized enterprises (SMEs) development during 2016-2020 at a workshop on January 6.
The State Bank of Vietnam (SBV) is drafting a circular guiding credit policy to make it easier for local support industries to access loans and make them more competitive during integration.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
A workers at a clay brick factory. (Photo: VNA)
