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Fund of nearly 86 million USD to be established to support SMEs

by VTV408 August 2018 Last updated at 16:00 PM

VTV.vn - The draft decree on the SME Development Fund will be finalized for submission to the government at the end of the third quarter.

This fund has a budget of about 85.98 million USD, dedicated to innovative start-up businesses, small and medium enterprises joining the cluster, and value chains.

Enterprises will borrow at interest rates not exceeding 80% of the lowest interest rates of commercial banks.

However, enterprises must have a minimum of 20% of the total investment capital of the project. In addition to the charter capital, the fund also receives and manages loans, grants, contributions, and donations from organizations and individuals to support small and medium enterprises.

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