SMEs to access more financial assistance packages

15:27 | 08/09/2016 Finance - Banking

A number of banks will introduce financial assistance packages to small- and medium-sized enterprises (SMEs) to enable their active participation in international integration.

SMEs to access more financial assistance packages

Photo: cafef.vn

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 10 billion VND from a 100 billion VND (4.54 million USD) programme.

Those working in agro-forestry-fisheries will be able to borrow 150 billion VND (6.81 million USD), with each eligible to no more than 25 billion VND, as will those engaging in support industry for electronics and mechanical engineering.

The credit limit for SMEs operating in wastewater treatment amounts to 100 billion VND, and each could borrow up to a maximum of 25 billion VND.

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./.

 

Source: VNA

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