Legal Counselling

Vietnam: Lending requirements for small and medium enterprise development fund

13:27, 15/05/2019

This is a notable content specified in Decree No. 39/2019/NĐ-CP of Vietnam’s Government on organization and operation of the small and medium enterprise development fund.

According to Decree No. 39/2019/NĐ-CP of Vietnam’s Government, small and medium enterprises running innovative startups shall be entitled to loans granted by the Fund provided that they meet the following requirements:

- Meet regulations set forth in Article 4 in the Law on Support for Small and Medium Enterprises;

- Have feasible production and business projects and plans, exploit intellectual property assets prescribed in the Intellectual Property Law or new technologies prescribed in the Law on Technology Transfer or new business models according to regulations of law;

- Ensure the equity participation in a production and business project or plan makes up at least 20% of the total investment capital to implement that production and business project or plan, and ensure sufficient capital for implementation of a production and business project or plan;

- Meet regulations on loan guarantee laid down herein.

View lending requirements for small and medium enterprises participating in inter-sectoral complexes at Decree No. 39/2019/NĐ-CP of Vietnam’s Government, effective from July 01, 2019.

- Thanh Lam -

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