Peer-to-peer (P2P) lending companies expect that the sandbox for fintech would eliminate unscrupulous businesses and help the market grow significantly.

The Vietnam Chamber of Commerce and Industry (VCCI) and the SME Support Japan organisation introduced J-GoodTech, a Japanese online business matching platform, to Vietnamese enterprises on June 19.

Despite the Covid-19 crisis, more private equity funds have been seeking ways to enter Vietnam as investors see bright prospects in the long term.

The Ministry of Finance has proposed that the Government reduce corporate income tax by 30% for small and micro enterprises in 2020 to help them overcome difficulties caused by the Covid-19 pandemic.

As the old saying goes, “What does not break you makes you stronger.” This is so true for Vietnam, not only throughout its rich history but also in the current context.

Some experts believe that the government needs to come forward and provide a guarantee for SMEs (small and medium enterprises) to access bank debts.

Seeking new markets, making new products and following new business thinking are actions now being taken by Vietnam’s businesses to overcome current difficulties.

Many Vietnamese small- and medium-sized enterprises (SMEs) are facing cash flow problems triggered by the ongoing Covid-19 pandemic, stated a survey by the Vietnam Chamber of Commerce and Industry (VCCI).

Amid the negative coronavirus impact, local small and medium-sized enterprises are paying attention to digital solutions that utilise artificial intelligence technology to increase exports by connecting buyers globally via e-commerce channels.

As businesses and people need emergency aid, former director of the Central Institute of Economic Management (CIEM) Nguyen Dinh Cung believes that the implementation of economic relief solutions needs to be organized in a quick and inexpensive way.

Small and medium enterprises (SMEs) need "painkillers" in the short term to increase liquidity and "vaccines" to develop sustainably in the long term.

National Assembly deputies say if the government gives financial support to real estate firms and private schools, it will only be saving rich people.

More measures and policies should be introduced to support enterprises, especially small and medium-sized enterprises (SMEs), in the context of a growing number of businesses temporarily ceasing operations due to the COVID-19 pandemic.

The Ministry of Finance (MoF) has issued a plan to provide legal support for small- and medium-sized enterprises (SMEs) this year with focus on tax, customs, securities, price and insurance regulations.

The health of businesses reflects the ‘health’ of the national economy. 

Prime Minister Nguyen Xuan Phuc has stated that the Government will create more favourable conditions for small and medium-sized enterprises (SMEs), which now account for 90 percent of the total in the country.

ITU Digital World, a global platform for accelerating information and communications technology (ICT) innovations, will take place in Ha Noi from September 6 to 9 next year.

Co-working space provider WeWork is expanding in Vietnam by opening two more offices in Ho Chi Minh City.

The new economic models of transportation, lodging services, fintech, energy, and digital entertainment are expected to drive the sharing economy in Vietnam if regulatory sandboxes become more readily available. 

Businesses complain they find it difficult to access loans, while banks say many businesses don’t have feasible business plans and cannot use capital effectively.