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.
|A workers at a clay brick factory. (Photo: VNA)
SMEs contribute nearly 40% of the gross domestic product, and generate 50% 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.