Hanoi helps SMEs improve competitiveness

16:21 | 04/09/2020 Companies

Hanoi, the capital has issued plans and action programs to help businesses in the city, especially small and medium enterprises (SMEs) restore production and trading activities.

Hanoi recently issued Plan 167/KH-UBND to promote SMEs’ development, develop startups and digital technology enterprises, build a favorable, fair and stable investment environment for SMEs, and help SMEs join regional and global value chains.

hanoi helps smes improve competitiveness

The plan will increase the number of newly established enterprises by 10 percent or 30,000 facilities in 2020, help SMEs improve technology, human resources and competitiveness, and create 150,000 new jobs.

Under the plan, SMEs will be assisted in administrative reform and human resources and technology development, will receive access to credit, and benefit from preferential taxes, workspace and land lease rates. Hanoi will provide funding for SMEs to help them connect with foreign businesses and participate in trade fairs and exhibitions.

In addition, Hanoi has launched an action program to help businesses overcome difficulties, promote disbursement of public investment capital and ensure social order and security in the context of the Covid-19 pandemic.

Nguyen Hanh