ADB to sustain next segment of SME growth in Vietnam
05 Jul '06
2 min read
"Viet Nam has made substantial progress in improving its regulatory and business environment," says Jin Cyhn, an ADB Economist. "But the many constraints still facing SMEs mean that their development requires vision, strategic direction, and effective coordination."
Access to finance remains one of the most critical issues for SMEs, while limited access to land use rights certificates reduces their use for collateral purposes. The legal and regulatory framework under which these are issued needs to be formalized and registration procedures for subsequent transactions need to be streamlined and unified.
The Government will finance $150,000 of the TA's total cost of $750,000 equivalent in counterpart services and facilities. The TA will be carried out over about a year to May 2007.
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