SME development fund offers VND560 billion aid package
Friday, 19:23, 12/05/2017
The Small- and Medium-sized Enterprise (SME) Development Fund has launched a financial aid package worth VND 560 billion (US$24.64 million) for SMEs, according to the Ministry of Planning and Investment (MPI).
In 2017, the fund will continue joining hands with localities, business associations, banks, and related financial organisations to organise workshops and consulting programmes for SMEs, helping them design business plans to apply for loans and use the capital effectively.
According to the MPI, a draft law on supporting SMEs will be submitted to the National Assembly’s upcoming plenary meeting in late May for discussion.
Under the draft law, the SME development fund will provide lending and sponsorship for start-ups, invest in startups in innovation and mobilise domestic and international resources to support SMEs.
The fund became operation in April last year.