norfund grants 30 million convertible loan to seabank

Norfund grants $30 million convertible loan to SeABank

The Norwegian Investment Fund for Developing Countries (Norfund) on June 19 committed $30 million to Hanoi-headquartered SeABank (HSX: SSB) through a convertible loan, which can be converted into SeABank common shares within four years.
adb greenlights 80 million loan package for lpbank to finance woman owned businesses

ADB greenlights $80 million loan package for LPBank to finance woman-owned businesses

The Asian Development Bank (ADB) and Lien Viet Post Joint Stock Commercial Bank (LPBank) on June 12 signed a financing package of up to $80 million to expand access to finance for a women-owned small and medium-sized enterprises (WSMEs) project in Vietnam.
mpi and vinasme to educate vietnamese smes

MPI and VINASME to educate Vietnamese SMEs

The Ministry of Planning and Investment (MPI) and the Vietnam Association of Small and Medium Enterprises (VINASME) signed an agreement on June 11 to implement online training for Vietnamese SMEs.
25 million msmes join indonesian digital ecosystem

25 million MSMEs join Indonesian digital ecosystem

About 25.2 million micro, small, and medium enterprises (MSMEs) had entered the digital ecosystem in Indonesia as of 2023, according to Indonesian Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan.
visa partners with vietnamese e wallet apps

Visa partners with Vietnamese e-wallet apps

Visa has announced a new partnership with three of the most popular e-wallets in Vietnam – MoMo, VNPAY and ZaloPay – to provide a more convenient payment experience for cardholders at participating small- and medium-sized enterprises (SMEs).
suitable roadmaps can help smes in the esg mission

Suitable roadmaps can help SMEs in the ESG mission

Vietnam is promoting sustainable business models. Jordan Lee, manager of the Tony Blair Institute for Global Change, talked to VIR’s Hoang Minh about the issues that companies, especially smaller ones, face when implementing these models, given that it is a mandatory requirement to expand internationally.
smes face barriers to joining global supply chain

SMEs face barriers to joining global supply chain

Small- and medium-sized enterprises (SMEs) in the mechanical sectors face difficulties in joining the supply chain of large-scale manufacturers due to a lack of capital and incentive policies, according to Luu Van Dai, director of Metal Heat Vietnam JSC, speaking at the 2024 Vietnam Global Manufacturing Forum in Hanoi on March 26.
more feasible solutions warranted for growth

More feasible solutions warranted for growth

A new scheme to support enterprises amid ongoing difficulties has been tabled, amid the government finding ways to reach desired economic growth.
smes should improve capacity to lure venture capital economists

SMEs should improve capacity to lure venture capital: economists

Vietnamese small- and medium-sized enterprises (SMEs) should better their management capacity and business strategies so as to draw capital from both domestic and foreign investment funds who are holding hundreds of billions of USD, economists have said.
pm urges further rate cuts improved credit access to remove obstacles promote growth

PM urges further rate cuts, improved credit access to remove obstacles, promote growth

Prime Minister Phạm Minh Chính chairs the meeting to implement monetary policy management tasks in 2024, which focuses on removing difficulties for production and business to promote growth and ensure macroeconomic stability.
green transition creating challenges for garments and textiles smes

Green transition creating challenges for garments and textiles SMEs

Vietnam has signed 16 free trade agreements (FTAs) with the international community, creating the conditions for firms to expand into new markets and boost profitability, while also posing numerous challenges with their increasingly stringent 'green growth' requirements.
tiktok supports 28 million smes during upcoming tet 2024

TikTok supports 2.8 million SMEs during upcoming Tet 2024

The 'TETastic with TikTok' initiative aims to offer a complete picture of current trends and movements in the consumer market and suggest creative advertising strategies and solutions to help businesses seize commercial opportunities during the upcoming Lunar New Year period.
south korea to open 14 million logistics centre in dong nai

South Korea to open $14 million logistics centre in Dong Nai

On January 4, South Korea's Ministry of Oceans and Fisheries announced that it has set up a corporate body to open a logistics centre in Vietnam to support South Korean small- and medium-sized enterprises (SMEs).
alibaba helps vietnamese smes to participate in the global market

Alibaba helps Vietnamese SMEs to participate in the global market

100 businesses will be selected to participate in the Vietnam National Pavilion on the Alibaba.com platform under a cooperation programme with the Ministry of Industry and Trade and Vietrade.
indonesia encourages msme to enter digital ecosystem

Indonesia encourages MSME to enter digital ecosystem

Indonesian Trade Minister Zulkifli Hasan has urged regional governments to support the micro-, small-, and medium-sized enterprises (MSMEs) to step up digital transformation so as to enhance competitive edge for domestic products.