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New Circular on SME support

Released at: 15:49, 04/11/2015

New Circular on SME support

MPI Circular details access to support funds targeting SMEs.

by Hoai An

The Ministry of Planning and Investment (MPI) recently issued Circular No. 13/2015/TT-BKH on defining priority areas and the criteria to receive support from the development fund for small and medium-sized enterprises (SMEs).

Priority areas include three sectors: agriculture, forestry and fisheries; manufacturing and processing; and water supply and waste / wastewater treatment and management.

To access the funds SMEs need to meet at least one of the following criteria: have high quality products with new energy or materials; be involved in equipment innovation / new technology / high-technology; create jobs, especially for women; have energy-saving / environmental friendly products; or use clean technologies and clean and renewable energy.

Corporate governance capacity and management experience and a sound credit rating are also considered necessary to access the fund if the SME is not on the list of priority areas.

The Circular will take effect from December 13.

MPI also issued Circular No. 09/2015 /TT-BKH, prescribing 16 procedures for foreign investment under the provisions of Decree No. 83/2005 /ND-CP dated September 25, 2015, on overseas investment and procedures and State management. This Circular will take effect from December 8.

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