BIDV launches digital platform to support SMEs

Thursday, Dec 08, 2022 19:19

Representatives of ADB and BIDV press the button to launch the SMEasy digital platform on Thursday in Ha Noi. — Photo courtersy of BIDV

The Bank for Investment and Development of Vietnam (BIDV) has launched BIDV SMEasy digital platform, sponsored by the Asian Development Bank (ADB), to support domestic small- and medium-sized enterprises (SMEs).

Accounting for more than 97 per cent of domestic enterprises, and over 60 per cent of the workforce in Viet Nam, many SMEs face difficulties, including a lack of experience in managing and operating businesses.

Understanding these difficulties, as part of the project "Technical assistance to support SMEs" funded by the ADB, BIDV selected MVV Academy to consult and develop SMEasy digital platform.

BIDV aims to develop a sustainable ecosystem exclusively for SMEs. The launch of the SMEasy digital platform is one of the most awaited initiatives of the year. This SME-specific digital platform is expected to contribute to increasing the internal resources and financial health of SMEs, especially in the current economic recovery period.

The SMEasy digital platform demonstrates BIDV's clear policy towards women-owned SMEs, through the development of financial and non-financial programmes exclusively for women leaders. — VNS

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