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Draft Law on Support for Small and Medium-Sized Enterprises: New support mechanisms proposed

The Ministry of Finance is currently seeking public comments on the Draft Law on Support for Small and Medium-Sized Enterprises (Amended). The Draft Law is expected to replace the Law on Support for Small and Medium-Sized Enterprises 2017, as several regulations under the current law have revealed shortcomings and challenges in practice that hinder the effectiveness of support measures for enterprises.

Noticeable provisions of the Draft Decree on interest rate support from the state budget for loans of enterprises, cooperatives, and business households

On January 11, 2022, the National Assembly issued Resolution 43/2022/QH15 on fiscal and monetary policies to support the 2022-2023 socio economic recovery program, which includes the policy of interest rate support (2%/year) up to VND 40 trillion through commercial banking systems for several industries and fields or for certain borrowing purposes. Noticeable provisions of the Draft Decree on interest rate support from the state budget for loans of enterprises, cooperatives, and business households are addressed in this article.