Vietnam: Criteria for identifying small and medium-sized enterprises

According to Circular No. 13/2015/TT-BKHĐT of the Ministry of Planning and Investment of Vietnam, the small and medium-sized enterprises (SMEs) entitled to the assistance from the SME development Fund established under the Decision No. 601/QD-TTg (hereinafter referred to as Enterprise) are the enterprises with size and business and production area specified in Clause 1, Article 3 of Decree No. 56/2009/ND-CP dated June 30, 2009 of Vietnam’s Government on assistance to the small and medium-sized enterprises.

The scale and business and production sector of the Enterprise specified above are defined as follows:

- For the Enterprise with different business lines, the business and production sector of the Enterprise is defined by the sector with highest total capital or total labor force. For newly-established enterprises without their financial statement, the business and production sector is defined by their business line which the Enterprise has registered with the business registration body.

- The total capital of the Enterprise is the total capital or total assets in the balance sheet in the last yearly financial statement of the Enterprise. For newly established Enterprise without financial statement, the total capital is the charter capital specified in the Certificate of enterprise registration.

- A number of employees is the average employees of the last financial year calculated by the average number of employees specified in the monthly salary and wage payment sheet of the Enterprise. These criteria do not apply to the newly-established enterprises.

View more details at Circular No. 13/2015/TT-BKHĐT of the Ministry of Planning and Investment of Vietnam, effective from December 13, 2015.

Thu Ba

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE