A boost to SMEs development in 2021


VGP – The local authorities of Ha Noi will sponsor expenditures for small and medium-sized enterprises (SMEs) to connect with international peers and join expos and conferences to seek business opportunities. 

Illustration photo

The Ha Noi municipal People’s Committee issued Plan 167/KH-UBND on supporting SMEs in 2021. 

The plan targets to boost SMEs to flourish towards better quality and effectiveness; develop innovative businesses and digital enterprises which will play an important role to local socio-economic development. 

The plan aims to create a favorable, fair, and stable environment for SMEs to grow. 

It also plans to formulate linkages among SMEs; between SMEs and FDI enterprises and SOEs; support SMEs to participate in value chains. 

The plan targets to raise the number of newly-founded SMEs by 10% (around 30,000 enterprises); support SMEs to narrow down the gaps in technologies, manpower quality, and competitiveness. 

It sets to create 150,000 new jobs; increase proportions of SMEs contributions to local export turnover and GRDP by 25% and 45%, respectively. 

To fulfill the aforesaid goals, SMEs would receive supports on administrative procedures; get access to credits, tax, site clearance, technology, technique, market expansion, legal assistance, and manpower development. 

Noticeably, the city will provide expenditures for enterprises to seek business opportunities such as organization of courses such as business start-up training and business administration.

To date, Ha Noi has over 290,000 operational enterprises, the second highest figure nationwide, behind Ho Chi Minh City.

In the first seven months of 2020, nearly 14,800 enterprises were established with registered capital of VND203 trillion (US$8.75 billion), down 5% in the number of enterprises but up 6% in capital year-on-year. 

The Small and Medium-sized Enterprises (SME) Support Centre under Ha Noi’s Department of Planning and Investment was officially put into operation a portal to support businesses at hotrodoanhnghiep.hanoi.gov.vn on March 9.  The portal introduces the Government as well as the capital city's policies and programs to support SMEs. It is an online address for sharing knowledge, materials, experience, corporate governance models as references for small and medium-sized businesses to spread among the business community in Ha Noi./.

By Khanh Phuong