During the visit, the delegation had a working session with the Federal Association of Small and Medium-Sized Businesses (BVMW), the largest economic association in Germany.

Some 62% of women-led small and medium-sized enterprises and micro-businesses reported increased revenue after adopting digital payments, according to a recent study on small and medium-sized businesses (SMBs) in Vietnam released by Visa, a global leader in digital payments.

Ho Chi Minh City is set to offer a second financial relief package for businesses and workers affected by the COVID-19 pandemic, according to its Department of Labour, Invalids and Social Affairs.

Vietnamese small and medium-sized businesses need more help to enter major global supply chains, experts told a workshop on October 16.

Digital transformation is creating opportunities for small and medium-sized businesses in Vietnam but also bringing new risks, according to experts.