What is management of assistance for SMEs in Vietnam? What is technology assistance for SMEs in Vietnam?

What is management of assistance for SMEs in Vietnam? What are regulations on technology assistance for SMEs in Vietnam? 

1. What is management of assistance for SMEs in Vietnam?

Pursuant to Article 6 of Circular 06/2022/TT-BKHDT, management of assistance for SMEs is regulated as follows:

1. General management

a) General management activities include: conducting communication activities regarding assistance and types of assistance provided for SMEs; organizing seminars, conferences guiding, concluding SME assistance operation; organizing groups for assessing implementation of SME assistance; surveying SME assistance demand to produce assistance plans and estimates for the planning year.

b) Ministry of Planning and Investment shall receive no more than 1% of total annual expenditure of central government budget on SME assistance to finance general management of SME assistance on a nationwide scale.

c) Contact point authorities of ministries, ministerial agencies, Governmental agencies (entities assigned to take charge and cooperate with relevant entities in developing policies, organizing implementation, assessing, consolidating reports on implementation results of SME assistance) and Departments of Planning and Investment of provinces and cities shall receive no more than 2% of total annual expenditure of state budget on SME assistance to finance general management of SME assistance within their management.

2. Direct management

Agencies and organizations providing assistance for SMEs shall receive no more than 5% of annual state budget on SME assistance to finance direct management of SME assistance, including:

a) Activities that assistance SME: going on business trip; working overtime; communicating; organizing meetings, conferences; hiring experts; conducting surveys at enterprises; other activities directly serving SME assistance.

b) Activities of Council for selecting startup SMEs under Clause 3 Article 21 of Decree No. 80/2021/ND-CP: reviewing documents of startup SMEs; hiring experts; working overtime; communicating; organizing review meetings; appraising selection result of startup SMEs; conducting other activities related to activities of the Council.

c) The selection of suppliers shall be made in accordance with bidding laws.

2. What are regulations on technology assistance for SMEs in Vietnam? 

In Article 7 of Circular 06/2022/TT-BKHDT guiding technology assistance for SMEs is prescribed as follows:

SMEs shall receive technology assistance in accordance with Clauses 1, 2, 3, and 4 Article 11 of Decree No. 80/2021/ND-CP. Agencies and organizations providing assistance for SMEs shall provide assistance in accordance Article 4, Article 5 hereof and the following regulations:

1. SMEs shall receive financing for renting or purchasing digital transformation solutions publicized on the Web portal or website of Ministry of Information and Communication or website of suppliers.

2. SMEs shall assess level of digital transformation readiness to make appropriate assistance propositions. SMEs shall utilize digital readiness assessment tools uploaded on https://digital.business.gov.vn or https://dbi.gov.vn or issued by agencies and organizations providing assistance for SMEs.

3. Agencies and organizations providing assistance for SMEs shall use digital readiness assessment results of SMEs to consider and provide assistance depending on accessibility of SMEs.

Best Regards!

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