A number of banks will introduce financial assistance packages to small- and medium-sized enterprises (SMEs) to enable their active participation in international integration.
The banks have been entrusted by the Ministry of Planning and Investment’s Small and Medium Enterprise Development Fund, according to the Vietnam Chamber of Commerce and Industry.
Accordingly, each SME working in innovation and creativity is entitled to loans worth a maximum of 10 billion VND from a 100 billion VND (4.54 million USD) programme.
Those working in agro-forestry-fisheries will be able to borrow 150 billion VND (6.81 million USD), with each eligible to no more than 25 billion VND, as will those engaging in support industry for electronics and mechanical engineering.
The credit limit for SMEs operating in wastewater treatment amounts to 100 billion VND, and each could borrow up to a maximum of 25 billion VND.
Interested businesses are advised to refer to the ministry’s Circular No.13/2015/TT-BKHDT on the list of fields in need of priority support and criteria for borrowers under the fund’s scheme.
Accordingly, each SME working in innovation and creativity is entitled to loans worth a maximum of 10 billion VND from a 100 billion VND (4.54 million USD) programme.
Illustrative image
|
The credit limit for SMEs operating in wastewater treatment amounts to 100 billion VND, and each could borrow up to a maximum of 25 billion VND.
Interested businesses are advised to refer to the ministry’s Circular No.13/2015/TT-BKHDT on the list of fields in need of priority support and criteria for borrowers under the fund’s scheme.
Other News
- Better links with FDI firms to support Hanoi businesses
- Vietnam calls for more US investment in innovation, hi-tech
- Vietnamese leader urges Boeing to build production facility in Vietnam
- Foreign capital pouring into Vietnam's real estate market
- Vietnam news in brief - August 24
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
Trending
-
US reiterates Vietnam is not manipulating currency
-
Kanagawa festival in Hanoi to boost mutual understanding: City Mayor
-
Hanoi records strong tourism growth in first ten months
-
Vietnam news in brief - November 15
-
Experiencing ingenious spaces at the Hanoi Creative Design Festival 2024
-
Hanoi Festival of Creative Design 2024: celebrating the capital's cultural innovation
-
Expatriate workforce in Hanoi: Growth engine requring thorough administration
-
Ethnic minorities want more policies for socio-economic improvement
-
From tradition to trend: How modern approaches spark cultural pride in Vietnam's Gen Z