Từ khóa: #SMEs

Illustrative photo.

Many barriers impeding growth of businesses

The report on the 500 largest Vietnamese Private Enterprises (VPE500) was published last week, which included a lot of valuable information on the current state of businesses in the country. 
Enterprises in EPZs, IPs supported to access suitable credit sources

Enterprises in EPZs, IPs supported to access suitable credit sources

Representatives of 20 enterprises in export processing zones and industrial parks (EPZs-IPs) and four commercial banks signed and re-signed credit contracts worth more than VND4.66 trillion (US$200 million) at a recent conference to connect banks and businesses.
National program pushes for innovation among enterprises

National program pushes for innovation among enterprises

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 program by 2030, according to an official.
Banks vitalize businesses to overcome Covid-19 pandemic

Banks vitalize businesses to overcome Covid-19 pandemic

To support enterprises to recover production and business activities, especially at the end of the year and the upcoming Lunar New Year, many banks have increased the rate of loans without collateral or with collateral that are assets to be formed in the future.
Current credit limit lower than expectation

Current credit limit lower than expectation

 Many banks have been extended credit by the State Bank of Vietnam for the third time, ever since credit rebound sharply after the economy began to reopen. This move has created more expectations that businesses will be injected with more capital to help in the recovery process. 
Enterprises ask for solutions to reduce costs amid Covid-19

Enterprises ask for solutions to reduce costs amid Covid-19

Amid the complicated developments of the Covid-19 pandemic, many enterprises said that they need authorities to research and find solutions to help them reduce costs, especially costs related to the implementation of three-on-site production.
SMEs face challenges in digital transformation

SMEs face challenges in digital transformation

Vietnamese small- and medium-sized enterprises (SMEs) are facing barriers in digital transformation and have a passive response to market changes, said Hoang Minh Chien, deputy head of the Vietnam Trade Promotion Agency (Viettrade).
Lending interest rates unlikely to decline sharply

Lending interest rates unlikely to decline sharply

Many economic experts said that with the current credit scale of over VND10 quadrillion if banks reduce the lending interest rate by 0.5 percent per annum, enterprises will have tens of trillions Vietnamese dong more to overcome difficulties. However, these experts also said that they barely expected a deep and wide wave of interest rate cuts because banks are enterprises themselves, so they must consider carefully when they give loans.
HCMC orders infrastructure investors to diversify land fund in EPZs-IPs

HCMC orders infrastructure investors to diversify land fund in EPZs-IPs

Recently, the People's Committee of Ho Chi Minh City has requested the infrastructure investors of export processing zones and industrial parks (EPZs and IPs) to quickly complete infrastructure and diversify the land fund to meet the maximum investment needs of enterprises.
Improving investment environment: removing barriers, creating equality

Improving investment environment: removing barriers, creating equality

The total foreign investment capital in Vietnam in the first three months of this year was US$10.13 billion. According to many foreign enterprises, Vietnam is still the country with the safest and most attractive investment environment in Asia in the coming years. Meanwhile, many domestic enterprises complained that “there were still many thumbtacks under the red carpet".
Production at Minh Man Printing Company is still stable despite the Covid-19 pandemic. (Photo: SGGP)

Domestic enterprises remain struggling

More than 90 percent of domestic enterprises are small and medium-sized. The advantage of this business model is that it quickly responds to market fluctuations. However, in the opposite direction, due to small scale and weak internal resources, it is also vulnerable when the market experiences shock.
Representatives of IFC and OCB at the signing of the loan agreement (Photo: VNA)

IFC helps Vietnamese bank aid SMEs amid COVID-19

The International Finance Corporation (IFC) – a member of the World Bank Group – will provide another US$40 million for the Orient Commercial Bank (OCB) to help with the support of COVID-hit clients, especially small and medium enterprises (SMEs).
Loans with reasonable interest rates will help small and medium-sized enterprises to maximize business efficiency. (Photo: SGGP)

Enterprises need more capital from banks

The negative impacts of the Covid-19 pandemic have been heavily affecting enterprises, especially small and medium-sized enterprises (SMEs). Most SMEs are short of money to put into production and business. The credit growth of the banking industry in the first six months of this year was quite low, so banks are actively pushing capital into this segment.