According to the International Finance Corporation’s 2023 Country Climate and Development Report, businesses with clear ESG strategies attract 20–25% more investment than those without ESG strategies.
One key measure to support Thai entrepreneurs is an increase in the corporate income tax (CIT) benefits granted to BOI-promoted SMEs, which will now receive a five-year CIT exemption equal to as much as 100% of their investment in enhancing their capabilities and improvements, up from the previous three-year CIT exemption capped at 50% of investment.
Ministries, sectors, and localities are asked to boost the enforcement of the Law on Support for SMEs, as well support policies of sectors, to help SMEs improve their capacity, connect with large and FDI firms, and increase investment in priority fields.
By the end of 2024, the number of registered enterprises in the capital city reached over 400,000, with about 220,000 operating. Notably, more than 98% of the operating firms are SMEs which create jobs for 55.1% of the local workforce and contribute over 40% of the city’s gross domestic product (GDP).
In the context of the complicated global political and economic situation, German businesses affirmed that Vietnam is a top reliable partner and called on both sides to further open their markets, especially for small and medium-sized enterprises.
Credit packages with advantageous interest rates have been introduced to help businesses expand operations and enhance innovation and competitiveness, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has said.
With nearly one million businesses and around five million business households, the private sector contributes approximately 51% of the country's Gross Domestic Product (GDP) and over 30% to the State budget. However, most small and medium-sized enterprises (SMEs) face significant barriers in scaling up and enhancing their competitiveness.
Backed by a 5 million Swiss Francs (5.6 million USD) grant from the State Secretariat for Economic Affairs (SECO), the initiative will run until 2029, helping over 500,000 SMEs access up to 35 billion USD in financing.
Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the MDT is a transformative initiative aimed at helping SMEs expand into international markets through digital solutions.
Prime Minister Pham Minh Chinh said Vietnam has met or exceeded all 15 major targets, delivering significant results across multiple sectors, and that SMEs playing a vital role in this success.
More small and medium-sized enterprises (SMEs) in Vietnam have integrated environmental, social and governance (ESG) practices into their operations amid the global trend of sustainable development and responsible business.
Indonesia’s Ministry of Industry has been effectively supporting small- and medium-sized enterprises (SMEs) in adopting appropriate technology through the Startup4Industry (S4I) Rebranding Programme.
Permanent Deputy Prime Minister (PM) Nguyen Hoa Binh received Kim Sung-tae, Chairman and CEO of the Industrial Bank of Korea (IBK) at the National Innovation Centre in Hanoi on November 21.
The northern province of Bac Giang will promote e-commerce development in the locality, focusing on organising training and workshops for businesses, cooperatives, and individuals to improve their capacity to utilise e-commerce applications.
The Thai Ministry of Commerce has drafted a plan to deal with an influx of cheap substandard goods from abroad to protect domestic small and medium-sized enterprises (SMEs).
Strategies to help small and medium-sized enterprises (SMEs) strengthen import-export activities was the focal point of discussions at a workshop held in the northern province of Hung Yen on November 15,
