Vietnam: Conditions for indirect lending of small and medium enterprise development fund

10:16, 15/05/2019

Recently, the Government of Vietnam has issued Decree No. 39/2019/NĐ-CP on organization and operation of the small and medium enterprise development fund.

Depending on each type of business, loan conditions will be different. Specifically, Decree No. 39/2019/NĐ-CP of Vietnam’s Government stipulates as follows:

- Small and medium enterprises running innovative startups may be entitled to loans derived from the Fund's available capital when meeting the following requirements:

+ Comply with provisions laid down in point a, point b and point c of clause 1 of Article 16 herein;

+ Meet regulations on loan guarantee under relevant laws.

- Small and medium enterprises participating in inter-sectoral complexes may have access to loans derived from the Fund's available capital when meeting the following requirements:

+ Comply with provisions laid down in point a and point c of clause 1 and point b of clause 2 of Article 16 herein;

+ Meet regulations laid down in point b of clause 1 of this Article.

- Small and medium enterprises participating in inter-sectoral complexes may have access to loans derived from the Fund's available capital when meeting the following requirements:

+ Comply with provisions laid down in point a and point c of clause 1 and point b of clause 3 of Article 16 herein;

+ Meet regulations laid down in point b of clause 1 of this Article.

View indirect lending tenure and rate at Decree No. 39/2019/NĐ-CP of Vietnam’s Government, effective from July 01, 2019.

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

31 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn