Site Map |Introduction |
Policies |
Case Studies |
ICT |
Investment |
SME |
Directories
Various surveys confirm that most enterprises in Vietnams classified as supporting industries are SMEs. They have contributed significantly to the economic development of the country and have resolved many social problems during the last 10 years of economic renovation. Some of the key characteristics of SMEs include new employment generation, concentration in Ho Chi Minh city with annual turnover equivalent to more than US$1 million, family based businesses, various forms of enterprise such as state-owned enterprise, private enterprise, corporate enterprise, joint stock company, limited company, foreign-owned company, joint venture company.
Financing and other facilities are difficult to obtain and foreign investors face greater difficulties in identifying and evaluating private-sector partners. The SME sector has excellent growth prospects, especially in labor-intensive industries and where natural resources provide a competitive advantage. Vietnam has been implementing a large number of measures to further encourage and support the development of SMEs. Vietnam welcomes and encourages internal and external companies, as well as persons, to invest capital and technology in building, developing, co-operating and setting up joint ventures with SMEs in any economic sector on the basis of observance of its laws, equality and mutual benefits. This chapter reviews the SME scene in Vietnam.