The firms enjoying the credit guarantee funds also includes the SMEs who suffer losses of finance and assets caused by natural disasters and those who go bankrupt in accordance with current law.
The Government has approved the establishment of credit guarantee funds for small- and medium-sized enterprises (SMEs) to facilitate higher chances for them to get credit for production and business.
As the importance of small- and medium-sized enterprises (SMEs) to the Vietnamese economy grows, experts are calling on the Government to reform the system of credit guarantee funds that are designed to increase SMEs’ access to long-term financing.
The Government should have appropriate policies to enable credit
guarantee funds to operate more efficiently so that small- and
medium-sized businesses can borrow easily from banks, a conference heard
in HCM City last Friday.
