Dong Nai to establish SME support fund

02:11, 02/11/2011

(ĐN)- Vice Chairwoman of the provincial People’s Committee Phan Thi My Thanh has recently presided over a meeting to seek supportive measures for small and medium-sized enterprises (SMEs).

(ĐN)- Vice Chairwoman of the provincial People’s Committee Phan Thi My Thanh has recently presided over a meeting to seek supportive measures for small and medium-sized enterprises (SMEs).

Accordingly, Dong Nai will establish a SME support fund to help small and medium-sized enterprises facilitate access to capital.
Doanh nghiệp tư nhân Anh Nghĩa (huyện Trảng Bom) sản xuất linh kiện cơ khí. (Ảnh minh họa)
Establishment of SME support fund will help SMEs facilitate access to capital.
The SME support fund is designed to assist in the development of products that are competitive and environmentally friendly, equipment modernization, application of advanced technologies and improvement of corporate management.

The fund will be allowed to mandate credit organizations to provide preferential loans for SMEs to carry out feasible projects that are in prioritised fields and in line with the fund’s purpose.

Until the end of September, Dong Nai’s SMEs have been provided VND2,379 billion in loans for for agriculture and rural areas,  accounting for 27.39% of the province’s total outstanding debt in this field. In this period, the banks offered preferential loans totaling VND410 billion to help the SMEs overcome difficulties.

Reported by B.N