Mpi

Tax deductions, land allocation programmes and the establishment of appropriate credit lines along with a comprehensive legal framework are among the tasks ordered by Prime Minister Nguyễn Xuân Phúc to effectively implement the Law on Support for Small- and Medium-sized Enterprises (SMEs). Workers at Trung Dũng Co Ltd, a manufacturer of elastic threads and yarn in Tân Triều Commune in Hanoi’s suburban district Thanh Trì. The company employs around 200 employees. His directive, issued last week, was meant to bring to live the highly anticipated SMEs law, which took effect at the beginning of the year. SMEs, or enterprises with capital of less than VNĐ100 billion (US$4.36 million), account for 95 per cent of Vietnam’s business community. PM Phúc assigned the Ministry of Planning and Investment (MPI), in collaboration with other concerned ministries and people’s committees, to speed up the … [Read more...] about PM issues directive to better implement law on support for SMEs