Many small and medium-sized enterprises (SMEs) are falling into trouble, due to the impact of the global economic downturn plus high inflation and difficulty in approaching to capital sources…
Many SMEs still lacking capital seriously
As of late 2010, the whole province had 1,712 SMEs getting loans with the total outstanding loan of nearly VND 8.03trillion, accounting for 17% of the total outstanding loan of the province-based credit organizations.
Thus, there was 15.3% of the total number of the province-based SMEs approaching to capital sources.
Mai Huu Tin, a NA deputy and CEO of U&I Investment Joint Stock Company said that SMEs have greatly contributed to generating jobs for laborers. They are facing difficulties, especially the lack of capital sources for their production and trading activities. If there are not positive measures to support them, it is very hard for them to continue existing and developing in the current context.
Needing to be supported to overcome difficulties
Realizing the important role of SMEs, many countries have
attached special importance to promoting this type of business. 
The owner of a lacquer enterprise finds it difficult to seek the consumption market for his products
In Vietnam, Prime Minister Nguyen Tan Dung in 2010 issued a policy to give subsidiaries, especially about capital sources to SMEs. The Government has also instructed the State Bank of Vietnam to further take measures on adjustment of monetary policies to control over credit activities towards providing loans for manufacture, export, agricultural-rural fields and SMEs.
Under the Government’s instruction, the Ministry of Planning and Investment presided over the project of setting up the SME Development Fund. In April 2011, Prime Minster Nguyen Tan Dung continued deciding to make income tax exemption for SMEs.
Leaders of Binh Duong province have also put forward many support measures for SMEs towards the goals of making a favorable business climate for them; improving their role in the process of industrialization and modernization; especially helping them approach to capital sources…
According to the report of provincial People’s Committee, the whole province has so far had 11,158 SMEs or 96.3% of the total number of enterprises registering for establishment. They contributed around 52% of the province’s total GDP and created jobs for nearly 20,000 laborers per year and paid VND3.338trillion for State budget or 16.3% of the province’s State budget collection.
Reported by Bao Anh-Translated by K.T
