SMEs development fund introduced

The fund’s charter capital is nearly 90 million USD. Its goal is to help SMEs improve their competitiveness and to help them focus on developing innovative and environmentally friendly products. The fund will also help SMEs invest in advanced technology and to innovate in their use of technical equipment. It also creates favourable conditions to develop supporting industries and improve business administration. It is expected that the SMEs will be able to get preferential loans with an interest rate at 5-7%, much lower than the interest rates of commercial banks.