Assistance Policies For SMEs From Government Of Vietnam

Small and medium-sized enterprises

Assistance Policies For SMEs From Government Of Vietnam

(Last Updated On: January 13, 2021)

Vietnam joined the World Trade Organization (WTO) in 2007, there is an only Business Laws system for both local and foreigner investors to do business in Vietnam, deals with the establishment, organization, restructuring, dissolution, and relevant activities of enterprises, including limited liability companies, joint-stock companies, partnerships, sole proprietorships, and groups of enterprises. Up to 96% of businesses registered in Vietnam are, because of the important role of small and medium-sized enterprises, the same with many other countries, Vietnam has focused on encouraging this type of business to grow, especially since 2018 with the Law for small and medium-sized businesses that provide regulations on principles, contents, and resources of assistance for small and medium-sized enterprises.

Small and medium-sized enterprises

Small and medium-sized enterprises

 

Special assistance for small and medium-sized enterprises in Vietnam

  1. Assistance in access to credit.
  2. Credit guarantee funds for small and medium-sized enterprises.
  3. The assistance in tax and accounting regimes.
  4. Assistance in production areas.
  5. Assistance in terms of technologies, assistance for incubators, technical establishments and co-space.
  6. Assistance in expansion into markets.
  7. Assistance in access to information, consultancy, and legal issues.
  8. Assistance in developing human resources.
  9. Assistance for SMEs in conversion from household business to SMEs.
  10. Assistance for startups.
  11. Investment in startups.
  12. The assistance for small and medium-sized enterprises joining business clusters and value chains.

As a few business consultants who have been familiar with and understood the local business legal system prior to Vietnam joined the WTO, VIVA has been supporting hundreds of clients in business management and apply these specific preferential policies in an exclusive and efficient manner.

 

WHO WE ARE

  • VIVA is a business consulting company, specializes in business compliance procedures according to local business laws and regulations since 2006. VIVA has been continuously trusted by thousands of well-known clients since 2006.
  • The insights and consistent backgrounds in Business Laws - Accounting and Corporate Finance - Tax Management – Labor Relations and Payroll - Secretarial services help us build trust and confidence in the entrepreneurs’ community.
  • We have been successfully providing service for thousands of leading companies from Hong Kong, Japan, US, EU, Singapore, India, China, Korea…. in forms of FDI companies, Foreign representative offices, Foreigner working in Vietnam, Vietnamese SMEs, Chief Operation Officers.
  • VIVA's logo is our Brand name, our signature, it states our faith - independence - transparence - and loyalty for client's interest. The signature is commitment and honor on our outstanding expertise and professionalism. It is the symbol of good standing for our clients whenever they are doing business with customers, partners, the local competent state agencies...

 

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Read more:

Statutory Audit Of Financial Statements

Internal Audit Plan – Compliance – Tax – Accounting – HR

Internal Labor Regulations Mandatory Requirements In Vietnam

Criteria For Determining SMEs In Vietnam For Applying Preferential Policies From Government



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