Many small- and medium-sized enterprises ( SMEs) in Vietnam are currently faced with difficulties in attracting capital, according to a report of Vietnam News.
About 75 percent of SMEs across the country have capital lower than 50 million Vietnamese dong (VND), equivalent to US$3,267. The governmental financial support benefits only a small number of qualifying enterprises because of low investment.
SMEs often have to face lengthy procedures in order to obtain loans. The implementation of policies to provide mortgage-free loans for businesses also remains stagnant.
While many SMEs lack investment, a large amount of bank capital is still awaiting feasibility projects.