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

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