State Support Levels for Small and Medium-sized Enterprises

18:22, 10/07/2024

This is a notable provision stipulated in Circular 05/2019/TT-BKHDT providing guidance on supporting human resource development for small and medium enterprises.

According to the regulations stipulated in Circular 05/2019/TT-BKHDT, small and medium enterprises will receive state support for human resource development with the following support levels:

- The state budget supports a minimum of 50% of the total cost of organizing a start-up business training course and business management training course.- The state budget supports 100% of the tuition fees for trainees of small and medium enterprises located in especially difficult socio-economic areas, as well as trainees of small and medium enterprises owned by women, when participating in start-up business training courses, business management training courses, and specialized business management training courses. The determination of especially difficult socio-economic areas is in accordance with Annex II of the list of investment incentives issued together with Decree 118/2015/ND-CP. The determination of small and medium enterprises owned by women is in accordance with Clause 1, Article 3 of the Law on Support for Small and Medium Enterprises.

See the related regulations in Circular 05/2019/TT-BKHDT effective from May 12, 2019.

- Thanh Lam -

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