Different opinions on the draft Law on Supporting Small and Medium Enterprises (SMEs) will be gathered at a consultation conference held by the Ministry of Planning and Investment in Ho Chi Minh City
Deputy Minister of Planning and Investment Dang Huy Dong (Source: thoibao.today)
HCM City (VNA) – Different opinions on the draft Law on Sღupporting Small and Medium Enterprises (SMEs) will be gathered at a consultation conference held by the Ministry of Planning and Investment in Ho꧅ Chi Minh City between June 9-11.
At the opening ceremony, Deputy Minister of Planning and Investment Dang Huy Dong said that Vietnam is working to complete a legislation system suitable for international economic integration with a focus on creating a legal corridor for economic actors to boost their competitive capacity.
The draft law was built on the basis of the national economic development and the satisfaction of commitments as regulated in the country’s signed free trade deals, he noted.
The draft should turn a spotlight on the strategic significance of SME development in the country’s industrialisation process, highlighted Dr. Tran Du Lich, deputy head of the Ho Chi Minh City’s National Assembly Deputy Delegation, adding that SME development support will set forth social progress and equity.
According to experts at the conference, the draft should evidently define the roles of local authorities in giving assistance to businesses, as seen in other countries’ experience.
Business associations also agreed to set up a national SME development council.
To Hoai Nam, Vice Chairman and General Secretary of the Vietnam Association of Small and Medium Enterprises (VINASME) underscored that by orienting policies as well as encouraging and consolidating the role of the private economic sector, the council will promote SME sustainable development.
He also suggested the Government give detailed stipulations on the council’s functions, missions and organisational structure.-VNA
Vietnamese small and medium enterprises (SMEs) should get access to factoring service- one of the most favoured tools in the international trade, to increase their competitive capacity.
The Asia-Pacific Economic Cooperation (APEC) workshop on promoting the participation of small- and medium-sized enterprises (SMEs) in global food supply chains took place in Hanoi on May 25.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy Minister of Planning and Investment Dang Huy Dong (Source: thoibao.today)
