Nearly $25 million in preferential loans for SMEs in 2017

Vietnam Small and Medium Enterprise (SME) Development Fund has announced four preferential loan programs for SMEs in 2017 with the total funds of VND560 billion (US$24.58 million).

The motorbike assembly line at Tien Loc Company (Photo: SGGP)

According to the Ministry of Planning and Investment’s fund, VND100 billion of the total amount will be for creative renovations with the maximum loan for each firm of VND10 billion. VND180 billion will be for agriculture, forestry and aquaculture with the maximum loan of VND20 billion.

SMEs from processing and manufacturing can get as much as VND25 billion out of the total amount of VND180 billion for this field.  Those from water supply, waste management and treatment can borrow up to VND25 billion out of the total of VND100 billion.

By Che Han – Translated by Hai Mien

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.