Find financial leasing solutions, access to capital for small and medium enterprises
On the afternoon of September 27, in Vinh City, the Vietnam Federation of Commerce and Industry held a workshop to find solutions for small and medium-sized enterprises to access appropriate and effective capital.
Attending the workshop were Ms. Tran Thi Thanh Tam - Director of the Center for Supporting Small and Medium Enterprises, Vietnam Federation of Commerce and Industry (VCCI). Also attending were representatives of provincial departments, branches, business associations, entrepreneurs in Nghe An, representatives of VCCI leaders - Nghe An - Ha Tinh and Quang Binh branches and nearly 300 businesses.
The workshop has the theme "Financial leasing - an effective medium and long-term capital access channel, suitable for small and medium enterprises.
At the workshop, Dr. Can Van Luc - Chief Economist of the Bank for Investment and Development (BIDV), member of the National Financial and Monetary Policy Advisory Council, informed about the implementation of policies to support small and medium-sized enterprises in the recent period; experience in financial leasing, medium and long-term credit support for small and medium-sized enterprises in other countries.
In Vietnam, in recent years, with the attention and support of the Party and the State through preferential support policies, businesses have grown and made increasingly important contributions to the growing economy.
However, business operations, especially small and medium enterprises, are still facing difficulties; the scale of capital sources and financial leasing support funds is still too small compared to other sources of support; the ability of businesses to integrate internationally is still weak and it is difficult to access capital.
Through specific figures, BIDV Chief Economist Can Van Luc analyzed the capital structure in small and medium enterprises and the biggest difficulty and obstacle for enterprises is the lack of capital. If there is no effective access channel and if borrowing at high interest rates, enterprises will have difficulty operating and face high risks. Domestic enterprises, especially small and medium enterprises, do not know how to mobilize capital from the stock market. Vietnamese enterprises have not yet accessed the international capital market; have not mobilized and effectively promoted financial mobilization channels, non-bank guarantee funds, etc.
To resolve difficulties related to the Project to support small and medium-sized enterprises, the Prime Minister is directing a comprehensive survey of credit channels to support financial support for small and medium-sized enterprises, and reduce corporate income tax for small and medium-sized enterprises. The Vietnam Federation of Commerce and Industry is also proposing to the Government solutions to improve the effectiveness of the Law on supporting small and medium-sized enterprises; build and diversify sources and funds to support enterprises; adopt the mechanism of using 1 Law to amend many Laws to remove difficulties for enterprises...
Dr. Can Van Luc
On this occasion, towards the 20th anniversary of Vietnam Entrepreneurs' Day (October 13, 2004 - October 13, 2024), VCCI Nghe An - Ha Tinh and Quang Binh Branches organized a meeting with entrepreneurs and awarded Certificates to new members of VCCI in 2024; awarded Certificates of Merit from the Chairman of VCCI to collectives and individuals with outstanding achievements in production and business, actively contributing to the development of Vietnamese enterprises./.