Forum seeks solutions to credit shortage for SMEs

A forum on measures to improve capital access for small and medium-sized enterprises (SMEs) took place in Hanoi on Tuesday, looking at the difficulties of both the firms and the banks.

Experts at the forum said the State needs to be more innovative, apply technology, reform the legal framework, and encourage bank loans to SMEs and startups.

Nguyen Quoc Hung, head of the State Bank of Vietnam's Credit Department, said: In the future, the central bank will promulgate a circular guiding the implementation of a government decree on the Law on Support for SMEs and work with the provincial credit guarantee funds for SMEs.

Source: VOV5