SMEs advised to identify their problems to develop

Small- and medium–sized enterprises (SMEs) are advised to identify their difficulties in the context of rapid international integration in order to develop in a sustainable manner, heard a forum held in Hanoi on May 9.

smes advised to identify their problems to develop hinh 0
Small- and medium-sized enterprises need to identify their problems to raise solutions for sustainable development (Photo: nhadautu.vn)
The forum was held by the Centre for Support of SMEs in the North (TAC) under the Ministry of Planning and Investment’s Department of Enterprise Development and Bizen Vietnam Joint Stock Company.

Le Van Khuong, Director of the Centre for Support of SMEs in the North (TAC) under the Ministry of Planning and Investment’s Department of Enterprise Development, said that in today’s volatile business environment, SMEs encountered various difficulties because of their modest scales.

He said as SMEs have their own problems and difficulties, identifying their weakness is important to create solutions for them towards sustainable development.

Khuong said focus should be placed on providing training to SMEs to enhance their capacity and optimise resources.

Quang Minh, chairman of Bizen Vietnam said the forum was a part of BKTalk – a platform where SMEs could discuss with experts to identify their difficulties and find measures for development. BKTalk also provides training and consultancy about corporate governance for SMEs.

Participating experts said SMEs encountered with problems related to accessing banking credit, tax reporting, transparency in accounting, human resource management and building brands.

According to the Ministry of Finance’s statistics, Vietnam has more than 600,000 firms, nearly 500,000 of them private firms with 96 percent of being small and micro scales.

SMEs created 1.2 million jobs and contributed more than 40 percent of gross domestic product.

Recently, the ministry proposed cutting corporate income tax rates on small and micro businesses from the current 20 percent to 15-17 percent. This aims to promote the development of SMEs so the country could have one million firms by 2020, as set by the Government.

VNA

Other News

SBV raises short-term capital lending cap to 40%

SBV raises short-term capital lending cap to 40%

The new circular will help credit institutions have more room to provide capital to businesses and investment projects to support high economic growth in the next few years, while increasing flexibility in the SBV’s monetary policy management.

Business confidence in Vietnam rebounds strongly: UOB

Business confidence in Vietnam rebounds strongly: UOB

The study found that 85% of Vietnamese enterprises reported positive business sentiment, a sharp increase from 48% in 2025, when business confidence was weighed down by uncertainties surrounding US tariff policies and related trade developments.

Bac Ninh seeks high-quality foreign investment for sustainable growth

Bac Ninh seeks high-quality foreign investment for sustainable growth

According to Vice Chairman of the provincial People’s Committee Pham Van Thinh, the province aims to maintain stable and sustainable growth, improve the competitiveness of both the economy and local businesses, and make better use of free trade agreements (FTAs) to expand and diversify export markets.

Green building trend flourishes in Ho Chi Minh City's real estate landscape

Green building trend flourishes in Ho Chi Minh City's real estate landscape

The International Finance Corporation (IFC) highlighted the city's dominance in green-certified building floor space in Vietnam, reflecting the rapid expansion of the green building market with 780 completed green buildings encompassing over 18.69 million sq.m by 2025, predominantly certified by EDGE and LEED.

UK supports Vietnam in wind power and green finance development

UK supports Vietnam in wind power and green finance development

The United Kingdom officially announced two new climate cooperation initiatives to support Vietnam in its energy transition and green growth journey. These programs focus on offshore wind power development and the creation of a sustainable green financial ecosystem.

Ample room remains for Vietnam–India logistics cooperation

Ample room remains for Vietnam–India logistics cooperation

The GTTCI expert noted that alongside logistics and integrated warehousing, e-commerce is expected to be a particularly high-growth sector in the coming years. He described it as a multi-billion-dollar market with significant untapped opportunities for cooperation between Vietnam and India.

Exports gain momentum from high-tech growth drivers

Exports gain momentum from high-tech growth drivers

According to the Ministry of Industry and Trade, Vietnam’s exports reached 215.66 billion USD in the first five months of 2026, up 19.5% year-on-year. Twenty-six export items generated more than 1 billion USD in revenue each, including seven with turnover exceeding 10 billion USD.

Vietnam–China crossings see spike in ASEAN fresh produce

Vietnam–China crossings see spike in ASEAN fresh produce

Since the start of the summer harvest season, China's two major border gates with Vietnam, Youyi Guan in Pingxiang and Beilun 2 Bridge in Dongxing, have entered their peak period for handling imports of fresh agricultural and seafood products from member states of the Association of Southeast Asian Nations (ASEAN).

Cargo handling operations at Berths 3 and 4 of the Hai Phong International Gateway Port. (Photo: VNA)

AI reshapes logistics, raising bar for workforce skills

According to the Vietnam Logistics Business Association (VLA), the logistics sector will require around 2.2 million workers by 2030, including 1.6 million employees for logistics service providers and nearly 600,000 personnel supporting logistics operations in manufacturing and trading enterprises.

Robust dispute resolution framework key to Vietnam's IFC ambitions

Robust dispute resolution framework key to Vietnam's IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.