The Law on Support for Small- and Medium-sized Enterprises (SME) took effect on January 1, 2018, but its programmes have not provided adequate coverage to make any big difference.
AkzoNobel, the world’s leading paint and coating company, has launched the Dulux Promise - Triple Standard Guarantee in Viet Nam that offers an immediate replacement if customers experience any problems.
Vietnamese importers now have more opportunities to link up with prestigious US exporters to import agricultural commodities at competitive prices under the US Department of Agriculture’s Export Credit Guarantee Programme (GSM-102) and HDBank’s financial sponsorship and credit guarantee.
The Lazada Vietnam e-commerce platform has launched a powdered milk guarantee programme, providing customers with the convenience and full confidence to purchase powdered milk online.
Vingroup said it will guarantee payments worth VND30 trillion (US$1.3 billion) for the obligations of VinFast Manufacturing and Trading Co., Ltd. related to the issuance of corporate bonds and domestic and foreign loans in the 2019-20 period.
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 Ministry of Public Security’s Immigration Management Department will officially launch online invitation and guarantee procedures for Viet Nam-based agencies, organisations and enterprises applying for Vietnamese visa for foreigners on July 1.
The HCM City Credit Guarantee Fund provided guarantees to eight projects of small- and medium-sized enterprises (SMEs) in 2016 so they could get loans worth a total of VND360 billion (US$16.07 million).
VIC announced that it has sold US$133.9 million of corporate bonds under the guarantee of
Credit Guarantee and Investment Facility (CGIF), a trust fund of the
Asian Development Bank