References
[1] Circular 93/2004/TT-BTC, dated September 29, 2004 of the Minister of Finance
[2] Directive 40/2005/CT-TTg, dated December 16, 2005 of the Prime Minister
[3] Circular 01/2006/TT-NHNN, dated February 20, 2006 of the State Bank of Vietnam
[4] Dr. Le Xuan Ba, Dr. Tran Kim Hao, Dr. Nguyen Huu Thang (2006), Small and medium enterprises of Vietnam in the conditions of international economic integration, National Political Publishing House, Hanoi.
[5] Vu Hong Quan, Some thoughts on knowledge management for Vietnamese enterprises, Vietnam Productivity Research Center.
[6] Dr. Pham Thi Thanh Hang, Annual Report - Vietnamese Enterprises 2006 , National Political Publishing House in collaboration with Vietnam Chamber of Commerce and Industry (VCCI)
[7] Ministry of Planning and Investment (2007), “ Research on some theoretical and practical issues as a basis for building a strategy to support the development of small and medium enterprises in Vietnam from now until 2010 ”
[8] Prof. Dr. Ho Xuan Phuong - Master Do Minh Tuan - Chu Minh Phuong, Finance to support the development of small and medium enterprises , Finance Publishing House
[9] Le Khac Triet, Innovation and development of Vietnam's private economy: current situation and solutions , Labor Publishing House
[10] Konrad Adenrauer Institute - Vietnam National University, Hanoi, Faculty of International Studies; “ The role of small and medium enterprises in the economy. Domestic and international experience ”, World Publishing House
[11] World Bank, “ Credit Scoring: A Tool to Support Effective SME Lending ”, SME Issues, Vol. 1 No. 1, November 2000
[12] Tas, Nilgun, “ The role of business development services in promoting access to formal financial resources ”. Presentation at the APEC Forum on Strengthening Support and Cooperation for the Development of SMEs. Hanoi 2/7/2006
[13] UNCTAD, Enhancing the Competitiveness of SMEs in Developing Countries: The Role of Finance in Promoting Enterprise Development , UNCTAD, 2001
[14] Nguyen Van Thang, Le Thi Bich Ngoc and Nick Freeman. “ Trust and uncertainty: A study of bank lending to private SMEs in Vietnam ”. Asia Pacific Business Journal, 2006
[15] Hallberg, Kristin, Market-Oriented Strategies for SMEs , International Monetary Fund-IFC Report.
[16] www.business.link.gov.uk, Financial guidance for high growth businesses , Department of Trade and Industry, January 2005
[17] Websites:
http://www.vien Kinhte.hochiminhcity.gov.vn
http://www.gso.gov.vn
http://www.business.gov.vn
http://www.vcci.com.vn
http://www.smenet.com.vn
http://www.vinasme.org
http://www.hasmea.org
http://www.mof.gov.vn
http://www.moi.gov.vn
http://www.vneconomy.vn
http://www.thuvienphapluat.com
http://fetp.edu.vn
APPENDIX III
Summary of financial support programs for SMEs in Southeast Asian countries
Nation
Agency / Organization | Support Fund | Support type | |
Hong Kong | SMEO www.smefund . tid.gov.hk | Small and Medium Enterprise Loan Guarantee Plan | Provide guarantees to support SMEs in securing loans from banks and credit institutions to improve productivity and capacity. competitiveness |
SME Training Fund | Sponsor training activities to encourage SMEs and local conduct training courses related to their business operations | ||
SME Development Fund | Provide financial support to projects of qualified supporting organizations, trade and industry organizations, specialized agencies and research institutes aimed at improving competitiveness for SMEs | ||
SME Export Marketing Fund | Support SMEs in participating in foreign exhibitions/fairs and study trips and domestic exhibitions/fairs to serve for export activities | ||
SMELoan www.smeloan .com | Loan term | For SMEs with annual turnover less than HK$15 million. Maximum loan amount is HK$500,000. No collateral required. Assessment based on accounts receivable of the enterprise | |
Revolving loans (similar to an overdraft) level) | For SMEs with annual turnover less than HK$15 million. Maximum loan amount is HK$5 million. No collateral required, project appraisal into the receivable accounts. | ||
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Malaysia | SMIDEC www.smidec.gov.my | Funding for business and development plans | Support SMEs to conduct research in developing business plans, technology and markets |
Funding for product improvement and production process | Support SMEs to improve and enhance the quality of existing products, Product design and manufacturing process | ||
Funding for quality productivity improvement quality and certification | Support SMEs to improve productivity and quality to achieve international quality standard certification | ||
Funding for RosettaNet | Support local electrical and electronics businesses to implement RosettaNet – a standard email internet network for managing the entire supply chain bow | ||
Factory audit plan | Support SMEs to conduct audits of their production activities. Audit reports can be used to assess SMEs' requirements for other development assistance schemes. government-provided | ||
Special support for businesses female | Giving women entrepreneurs access to greater financial resources | ||
Support preferential loans for moving factories into industrial parks | Support SMEs to move into planned industrial zones and facilitate them to acquire assets, helping them to improve their capacity. get other financial support | ||
Preferential loans for SMEs | Support existing and newly established businesses in planning business, fixed assets and working capital financing | ||
Preferential loans for information technology development and media | Provide support in the form of preferential loans to SMEs using information and communication technology (ICT) to improve competitiveness and efficiency |
fruit and yield | |||
Funding for market skill enhancement for SMEs | Support SMEs to improve their marketing strategies to be competitive in domestic and export markets. This support is provided in the form of matching grants in which the government will cover 50% of the training costs, the remainder contributed by the participants | ||
Funding for improving product packaging and label design for SMEs | Support SMEs to improve product packaging and label design, thereby making their products more attractive to meet market requirements. Support is provided in the form of matching loans where the government will cover 50% of the training costs, with the remainder being borne by contributors | ||
Funding for the promotion and development of Muslim products | Encourage participation of Malaysian companies in the development and promotion of Muslim-specific food products and services. Support is provided in the form of suitable loans where the government will cover 50% of the training costs, with the remainder being borne by the contributor | ||
Bank Negara Malaysia www.bnm.gov.my | Special unit for SMEs | Support SMEs in accessing finance mainly through guidance, facilitation and information provision | |
Philip ines | Small Business Support Corporation www.sbgfc. org.ph | Supporting SMEs in investing in regional markets (SME FIRM) | Support project to develop medium-term wholesale channels through formal financial institutions (AFIs) for SMEs |
Support SMEs to access short-term loans (SME FAST) | Wholesale support through second rediscounting of AFIs SME loans | ||
SME Finance Point for business owners with small business finance support their (SME FEEL) | A microfinance fund that provides funds for lending activities to micro-enterprises, with an orientation towards non-governmental organizations (NGOs) and mass organizations. | ||
Access to SME finance support for exporters through the development network (SME FRIEND) | Providing direct loans in the form of commercial letters (L/C) to exporters certified by industry associations | ||
SME Financing for Supplier Collection Transactions (SME FIRST) | Providing direct loans to suppliers for domestic enterprises on the condition that they have a business record and stability in management. These loans are in the form of sales invoices for goods. goods and services they provide | ||
SME financial support for professional organizations and business activities Excellent Franchise (SME) FORCE) | Providing medium-term direct loans for franchise transactions of domestic enterprises that are members of industry associations. Expansion plans for franchised stores and agents in the initial start-up or expansion phase of business | ||
Nursery SME leader for DTI projects | Promote and support the development of initial DTI projects in 20 provinces |
(SME GLAD) | |||
SME-GEMS, SME-GRAIN, SME-GUILD, SME-GLAD | Credit guarantees for loans to SMEs that do not have sufficient collateral or cannot be secured as required of the bank | ||
Venture Capital Investment Projects Program for SMEs (EVP) | An equity financing fund designed to provide capital to SMEs with a track record of performance, proven technology and Great market potential with an effective business plan | ||
Bank for Farm Owners www.planters bank .com.ph | Privately owned banks | A range of banking and financial products for SMEs: loans, credit services, cash management… | |
Singapore | Spring (Commission) Standards, Productivity and Innovation Board) www.spring .gov.sg | Spring Seeds | Equity funding for eligible non-tech startups, ranging from S$50,000 to S$300,000 |
Local Enterprise Financial Support Scheme (LEFS) | Fixed-rate loans (up to S$15 million) to support eligible SMEs to upgrade and expand their operations, provided by 16 banks, finance companies and financial leasing companies | ||
Small Loan Support Program | Fixed loan interest rate (up to S$500,000), to support eligible SMEs to upgrade and expand their operations, is being implemented by 16 banks, finance companies and leasing companies | ||
Variable Interest Rate Loan Project (V- Loan) | Loans with varying interest rates (up to S$15 million), to support support small and medium enterprises to have enough |
conditions for upgrading and expanding operations, carried out by 16 banks, finance companies and leasing companies | |||
Local Enterprise Technical Assistance Project (LETAS) | Support the payment of up to 50% of the cost of hiring external experts to support qualified SMEs in improving IT technology or systems. quality management system | ||
Loan Insurance Scheme (LIS) | 50% - 50% government-SME joint insurance to provide loans to eligible SMEs, through 6 Banks and financial companies | ||
Domestic Sector Productivity Fund (DSPF) | The S$45 million fund provides grants to offset up to 50% of the cost of eligible projects. Eligible projects are those that comply with the objective of the Domestic Sector Productivity Fund (DSPF) which is to „encourage enterprises in the same industry or value chain to collaborate on projects that will fundamentally and radically change the operations and business practices of the industry, thereby leading to the possibility of high productivity growth of the whole industry | ||
Enterprise Investment Initiative (EIIS) | Provides loss protection to eligible start-ups. As an incentive for business investment, start-ups can issue certificates to their investors for their investments of up to S$3 million. Investors, together with their certificates, can deduct any investment losses against their taxable income. their taxes |