Vietnamese government devises plan to help SMEs
21/11/2011 10:04 am
Laws - The Vietnamese prime minister's draft decision on plan to support the development of small and medium-sized enterprises (SMEs) in 2011-2015 period has just been put up for considerations.
Accordingly, the draft said that the development of SMEs is a consistent and long term strategy throughout the action plan of the government and is the key task in the national economic development policy.
Notably, the state will create a favourable environment of law and the policy mechanisms for SMEs of all economic sectors to gain equal development and fair competition, to mobilise all resources for investment and development.
Particularly, the total number of new SMEs in 2011-2015 period is expected to reach about 450,000 enterprises (it was about 370,000 firms in 2006-2010 period). The ratio of SMEs directly joining export activities would account for 10-12 percent (currently, it is 7 percent), accounting for 40 percent of the total social investment and contributing about 30 percent to the country's GDP (gross domestic product), 35 percent to the total state budget revenues and creating additional four million jobs (it was about 2.7 million jobs in 2006-2010 period).
To carry out this plan, the draft also proposed eight groups of measures, notably: improving the legal framework for accession, activities and withdrawal from the market, supporting the accession of finance and credit, supporting the technology innovation and application of new technologies, development of human resources, improving the management capacity, boosting the formation of groups of cooperation and industrial sectors, supplying information to support and promote the market expansion and building an organisation system to assist the development of SMEs.
According to the plan, the total capital sources to support SMEs in 2011-2015 period would be 3.47 trillion dong, including 1.87 trillion dong from state budget, 1.5 trillion dong from local budget and remaining 100 billion dong from contribution of enterprises.
Accordingly, the draft said that the development of SMEs is a consistent and long term strategy throughout the action plan of the government and is the key task in the national economic development policy.
Notably, the state will create a favourable environment of law and the policy mechanisms for SMEs of all economic sectors to gain equal development and fair competition, to mobilise all resources for investment and development.
Particularly, the total number of new SMEs in 2011-2015 period is expected to reach about 450,000 enterprises (it was about 370,000 firms in 2006-2010 period). The ratio of SMEs directly joining export activities would account for 10-12 percent (currently, it is 7 percent), accounting for 40 percent of the total social investment and contributing about 30 percent to the country's GDP (gross domestic product), 35 percent to the total state budget revenues and creating additional four million jobs (it was about 2.7 million jobs in 2006-2010 period).
To carry out this plan, the draft also proposed eight groups of measures, notably: improving the legal framework for accession, activities and withdrawal from the market, supporting the accession of finance and credit, supporting the technology innovation and application of new technologies, development of human resources, improving the management capacity, boosting the formation of groups of cooperation and industrial sectors, supplying information to support and promote the market expansion and building an organisation system to assist the development of SMEs.
According to the plan, the total capital sources to support SMEs in 2011-2015 period would be 3.47 trillion dong, including 1.87 trillion dong from state budget, 1.5 trillion dong from local budget and remaining 100 billion dong from contribution of enterprises.
Source: Vietbiz24
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