The Ministry of Planning and Investment gathered feedback on its draft strategy for small- and medium-sized enterprises (SMEs) development during 2016-2020 at a workshop on January 6.
A worker checks a tyre at a production line of the Da Nang Rubber Joint Stock Company in the central city's Lien Chieu Industrial Park. (Photo: VNA)
Hanoi (VNA) - The Ministry of Planning and Investment gathered feedb෴ack on its draft strategy for small- and medium-sized enterprises (SMEs) development d🃏uring 2016-2020 at a workshop on January 6.
The ministry forecast there will be 450,000 more enterprises registering to operate, bringing the total firms nationwide to 750,000 in 2020. SMEs are expected to supply jobs fulfilling half of the workforce demand.
At the function, Deputy Minister Dang Huy Dong stressed, through relevant policy and mechanisms, the Government support will encourage innovation among the business community.
He unveiled approximately 3 trillion VND (133.5 million USD) will be spent on specific assistance programmes.
To Hoai Nam , Deputy Chairman of the Vietnam Small-and Medium-Sized Enterprises Association, lauded policies devised to help expand the number of companies within the next five year.
He stressed support programmes should be practical and based on concerted efforts from all agencies involved.
Participants said measures implemented in the past five years have not covered all expectations from businesses, while SMEs themselves have shown weakness in capital, production space, information and human resources.
According to economic experts, SMEs account for 35 percent of overall business investment and generate more than five million jobs. They contribute nearly 50 percent to the nation’s annual growth.-VNA
Small and medium-sized enterprises (SMEs) struggle to access credit due to various factors even though it would be conducive to the country's economic development.
Vietnam has a competitive edge in developing mechanical engineering, said Atsusuke Kawada, Chief Representative of the Japan External Trade Organisation (JETRO).
The SME Development Project in Tra Vinh will grant a support worth over 7 billion VND (310,500 USD) to local SMEs to reduce emissions during their production while bolstering sustainable development.
Links need to be strengthened between Vietnamese businesses and foreign firms to help domestic companies fully tap opportunities arising from the regional and international integration process.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
A worker checks a tyre at a production line of the Da Nang Rubber Joint Stock Company in the central city's Lien Chieu Industrial Park. (Photo: VNA)
