Small and medium enterprises (SME)

SMEs policy and regulation

Hanoi city aims to improve startup ecosystem

Hanoi is taking measures to tackle difficulties facing local firms, especially newly established small- and medium-sized enterprises (SMEs). The city also aims to support the establishment of from 2-3 business incubators or startup spaces, facilitate the formation of from 3-5 private startup investment funds and attract ...

Ministry proposes lowering CIT for SMEs

The Ministry of Finance has proposed cutting corporate income tax (CIT) rates on small and micro businesses from the current 20 percent to 15-17 percent.The idea was raised in a National Assembly draft resolution which the ministry recently published for comments.The move aims to promote ...

Government issues new resolution on improving national competitiveness

The Government on January 1 issued a resolution setting targets for improving the business environment and national competitiveness for 2019 through to 2021. The resolution, No 02/NQ-CP, replaced Resolution 19 which has been implemented for five years. The renumbering of the resolution demonstrated the Government’s priority ...

Restructure economy to boost new firms: official

Favourable conditions are needed to increase the number of new businesses and startups in order to realise the target of 1 million enterprises by 2020, an official has said.Keep reading ...

VNS Reporter

Government to promote private investment

The public investment restructuring scheme in 2017-20 will focus on core sectors of the economy and major projects that give impetus to socio-economic development and promote public and foreign investments under public-private partnership (PPP) practice.Keep reading ...

VIR Reporter

Government continues paring down business and investment conditions

In a bid to create a more business-friendly climate and attract more investment, the Vietnamese government will continue truncating thousands of business and investment procedures, which have been undermining investors’ and enterprises’ performance.Keep reading ...

Khoi Nguyen

Incentives needed for SMEs to join green growth projects

Incentives are needed to encourage small- and medium–sized enterprises (SMEs) to join green growth projects, said Hoang Thi Hong, Director of the SME Development Fund (SMEDF) under the Ministry of Planning and Investment.Keep reading ...

VNA Reporter

SMEs urged to use energy efficiently

Small- and medium–sized enterprises (SMEs) in industrial production were urged to develop green growth strategies to improve business efficiency and protect the environment, experts said at a conference held by the Central Institute for Economic Management (CIEM) on November 29.Keep reading ...

VNA Reporter

Vietnam govt sets three major orientations: PM

“In the coming time, Vietnam will continue to promote international integration, improve business investment environment, create maximum favorable conditions for domestic and foreign investors, in line with the government’s goal of creation, integrity, and action,” Prime Minister Nguyen Xuan Phuc said at the Vietnam Business ...

Bao Quyen

South’s EPZs, IZs to go hi-tech, green

It is critical for export processing zones (EPZs) and industrial zones (IZs) in HCM City to renovate towards high-technology and green development to help enhance the southern city’s economic growth quality.Keep reading ...

VNA Reporter

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