In 2022, Nghe An plans to spend 4 billion VND to support small and medium enterprises.

The purpose of Nghe An Provincial People's Committee in issuing this support policy is to accelerate the development speed andimprove competitivenessfor small and medium enterprises in the area; create a favorable, equal and transparent investment and business environment so that small and medium enterprises can increasingly contribute to the socio-economic development of the province, contributing to improving competitiveness andinternational integrationof the province.

Digital transformation expert from Hanoi City discusses digital transformation solutions for Nghe An enterprises at the end of 2021. Photo: Nguyen Hai

Therefore, the Provincial People's Committee requires balancing support sources, ensuring focus and key points; at the same time, mobilizing social resources to support and promote business development in the area. Small and medium enterprises must promote the spirit of innovation and creativity in production and business, improve competitiveness, and awareness of law compliance in receiving, coordinating and effectively organizing the implementation of support resources.

Also according to this Plan of the Provincial People's Committee, the support subjects are small and medium-sized enterprises established and operating in accordance with the provisions of the law on enterprises in the area, meeting the criteria prescribed in Article 4 of the Law on Support for Small and Medium Enterprises.

The specific support content includes 4 main contents: Support for human resource development and technology, information, and consulting through direct and in-person training support.start a businessand business administration; Support direct training at small and medium enterprises in the field of production and processing.

Vinh City leaders maintain dialogue with businesses and entrepreneurs to resolve difficulties and promote production and business. Photo: Nguyen Hai

For technology application support,digital transformationFor small and medium enterprises: Support up to 50% of the value of digital transformation solution consulting contracts for small enterprises, not exceeding 50 million VND/contract/year and expected 6 contracts; Support up to 50% of the value of digital transformation solution consulting contracts for medium enterprises, not exceeding 100 million VND/contract/year and expected 2 contracts; Maximum support of 50% of the cost for enterprises to hire and purchase digital transformation solutions at micro-enterprises, not exceeding 20 million VND/year and 5 contracts; Small enterprises not exceeding 50 million VND and 4 contracts; Medium enterprises up to 100 million VND and 2 contracts; Funding for maintaining and developing Apps to support and develop businesses.

In addition to the above policy, the province also has a policy of 100% consulting support for micro-enterprises, small enterprises and medium-sized enterprises, respectively, at levels of 50 million VND, 70 million VND and 100 million VND/year/enterprise and no more than 10 contracts/year; Support innovative start-up enterprises, support in-depth training and coaching, support small and medium-sized enterprises to participate in industry clusters and production and processing value chains.

The total support budget in 2022 is 3,998 billion VND, of which, support for training, fostering the team of businesses, entrepreneurs, human resource development for small and medium enterprises is 1,292 billion VND; support for technology application, digital transformation is 1 billion VND; consulting support for businesses is 462 million VND; support for start-up, innovation and creativity businesses is 430 million VND; support for businesses to promote products, link value chains is 317 million VND; other support contents are 497 million VND.

On the basis of the above allocation norms, the Provincial People's Committee assignsCenter for Investment, Trade and Tourism PromotionThe province, the Department of Finance, the VCCI Nghe An Branch, business associations; individuals, organizations, small and medium enterprises in the area; and the provincial press agencies actively promote business support activities to create a change in awareness of this policy to businesses, entrepreneurs and Party committees and authorities. The Nghe An Investment, Trade and Tourism Promotion Center is the focal point, coordinating with relevant departments, branches and sectors and People's Committees of districts, cities and towns to implement this policy.

According to the Nghe An Tax Department, up to now, out of a total of 14,050 enterprises operating and generating tax revenue, the Department of Planning and Investment also said that, in terms of capital scale, up to 95% of enterprises in Nghe An are small and medium-sized, even micro-small./.

Nguyen Hai