SMEs to access more financial assistance packages

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 VND10 billion from a VND100 billion (US$4.54 million) programme.

Those working in agro-forestry-fisheries will be able to borrow VND150 billion, with each eligible to no more thanVND 25 billion, as will those engaging in support industry for electronics and mechanical engineering.

The credit limit for SMEs operating in wastewater treatment amounts to VND100 billion, and each could borrow up to a maximum of VND25 billion.

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.