From 2026, Hanoi will support tens of thousands of new SMEs each year as part of a comprehensive strategy to strengthen the private sector.

AI is reshaping the global economy at an unprecedented pace. According to the latest McKinsey Global Institute report, AI could generate $13-21 trillion in annual economic value worldwide by 2030.

While big firms harness AI for growth, many Vietnamese SMEs face financial and structural hurdles in going digital.

The model is still facing many barriers in implementation as it is estimated that 65 per cent of sales contracts are still being implemented manually, which limits the appraisal and granting of credit.

Director of the SBV’s Payment Department Pham Anh Tuan said the issuance of Decree 94 provides a legal basis for sandbox participants to trial new products, services, and business models in real-life conditions, ultimately benefiting customers.

"We’re concerned that overly high incentives for household businesses and small enterprises might discourage them from growing," said Finance Minister Nguyen Van Thang during discussions on the draft Resolution on private sector development.

Digital transformation is reshaping SME futures. CEO Pham Tien Thanh shares insights from the front lines of Asia’s evolving tech landscape.

It is necessary to have support policies to encourage investment from the private sector as private enterprises are the most numerous and have made great contributions to the economy's development, according to insiders.

The private enterprise sector in Vietnam is garnering significant attention, as evidenced by a series of conferences held by the PM. Policymakers have suggested positioning the private sector as the most critical driver of economic development.

Experts warn investors to assess valuation levels against the growth potential of these companies for informed decisions.

The Ministry of Industry and Trade (MoIT) has issued a support plan for small- and medium-sized enterprises (SMEs) in 2025.

At the 2024 Vietnam-Korea Investment Cooperation Forum, leaders emphasized the growing interest of Korean SMEs in partnering with Vietnamese counterparts.

About 25 small and medium-sized enterprises (SMEs) from South Korean will come to Hanoi next month.

Vietnamese SMEs' (small and medium enterprises) online exports have been increasing, and are expected to help raise Vietnam’s cross-border e-commerce value to $10 billion by 2026.

The popular short video platform TikTok announced last week that it is offering an ad credits package worth 1 million USD to support small and medium-sized enterprises (SMEs) to promote their advertisement activities on the platform.

The overall export value of Vietnamese selling partners on Amazon witnessed an impressive year-on-year growth of over 50 per cent, with the number of partners surpassing US$100,000 in sales increasing by 70 per cent.

The Ministry of Planning and Investment (MPI) and the Asian Development Bank (ADB) on January 23 launched the first-ever study on women-owned small- and medium-sized enterprises (SMEs) in Vietnam.

Small- and medium-sized enterprises (SMEs) in Vietnam are almost too frail to weather difficulties, the Ministry of Planning and Investment said in a recent report.

Despite falling interest rates, approximately a quarter of Vietnam’s small- and medium-sized enterprises are still grappling with capital access challenges.