New regulations on criteria for identifying small and medium enterprises

Conference scene. Photo: Hoang Hao

Attending the event were 250 delegates who were officials working in business support in state management agencies, and officials working at small and medium enterprises in Nghe An.

At the conference, delegates listened to expert Phan Duc Hieu - Deputy Director of the Central Institute for Economic Management introduce and disseminate the Law on Support for Small and Medium Enterprises in 2017, Decree No. 39/2018/ND-CP dated March 11, 2018 of the Government detailing a number of articles of the Law on Support for Small and Medium Enterprises; Regulations on legal support for enterprises; New points in policies applicable to associations, enterprises and individual business households, and at the same time answer questions, difficulties and problems in the process of law enforcement of enterprises...

Expert Phan Duc Hieu - Deputy Director of the Central Institute for Economic Management introduces and disseminates the Law on Support for Small and Medium Enterprises in 2017. Photo: Hoang Hao

Some issues that many delegates were particularly interested in discussing and were explained and clarified by expert Phan Duc Hieu such as: The criteria for determining small and medium enterprises according to the new regulations are having an average number of employees participating in social insurance of no more than 200 people per year and having a total capital of no more than 100 billion VND, total revenue of the previous year of no more than 300 billion VND; Issues that small and medium enterprises are supported include: taxes, labor training, application of technology transfer, etc.

Produced at Dinh Nhan Iron and Steel Company Limited. Photo courtesy

Through the conference, the quality of advice for staff working in business support in state management agencies is improved; and legal support for staff working in small and medium enterprises in the province is provided, helping them understand the benefits of support as prescribed by law./.