Small and medium enterprises (SME)

SMEs policy and regulation

New $212m financing for climate-friendly projects in Vietnam

A new financing package of $212.5 million (£162m) has been announced to support climate-friendly projects in Vietnam. The funding from IFC, a member of the World Bank, will enable VPBank to expand its lending to small and medium businesses and boost financing for projects that help reduce carbon ...

Priyanka Shrestha

APEC promotes integration of SMEs into global value chains

Good logistics management, both by governments and businesses, will help enhance competitiveness and growth, Lương Hoàng Thái, director general of the Ministry of Industry and Trade’s Department of Multilateral Trade Policy, has said.Keep reading ...

In ASEAN’s fastest-growing market, SME development barred by obstacles

Local small and medium-sized enterprises (SMEs) in ASEAN’s fastest-growing market are unable to develop and grow because they are bogged down by a slew of bureaucratic and administrative difficulties, business leaders and politicians said.Read more ...

Supporting SMEs, manufacturing locally and operating in underdeveloped areas criteria for FDI approval, official says

A top official from the Ministry of Commerce told an audience of foreign investors and businesses that foreign investments should be able to support SMEs, manufacture products in Myanmar and operate in underdeveloped areas. Those are the criteria upon which the government will approve or ...

Drop ICT tariffs to grow: study

Cambodia could add an additional $320 million to the economy over the next 10 years while increasing tax revenue by $24 million if it dropped its tariffs on information and communication technology (ICT), according to new research published yesterday.According to a study by the Washington-based ...

SMEs urged to comply with tax changes

The majority of small and medium enterprises are still unaware of how to comply with new tax regulations that came into force at the end of last year, according to an Economy Ministry official. Srun Angkaren, a deputy director in the general department of taxation, ...

SMEs in 8 provinces to get Pracha Rath loans

The Department of Industrial Promotion will extend loans initially totalling Bt20 billion from a Pracha Rath fund for SME development in eight provinces, starting with Songkhla on May 24. Eight provinces have been initially targeted for the programme. Besides Songkhla, they are Krabi, Chon Buri, ...

Surin calls for active ARF role in tackling Korean crisis

ASEAN needs to be more integrated and stronger to cope with the changing global landscape, as “multilateralism” was in decline, former ASEAN chief Surin Pitsuwan said on April 20, calling on the regional grouping to enhance the role of the ASEAN Regional Forum to solve ...

Promoting industrial development

As Cambodia moves forward with its Industrial Development Policy, the government is seeking support from international organisations for smooth implementation. The Post’s Kali Kotoski sat down with Li Yong, director-general of the United Nations Industrial Development Organization, to discuss his findings and how the organisation ...

Credit guarantee insurance not helping small businesses

Credit guarantee insurance was introduced under the former government in 2014 but the system has not been widely adopted by banks and businesses. As a result, financial support for SMEs remains inadequate. So far, CB bank has offered loans to 21 businessmen, KBZ has given ...

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