The Development of Small and Medium Enterprises in Vietnam

1. Definition of SME in Vietnam From 2001 to 2009, the definition of SME is said in Decree 90/2001 ND-CP as follow: SME is an independent business establishment with registered capital not exceeding 10 billion VND (about US $600,000) or annual average number of permanent workers not exceeding 300.

Small and medium enterprises are the Back Bone of Malaysian Economy

Statistic on Malaysian SMEs 99.2% of enterprises established in Malaysia are SME and the majority of them are micro enterprises (less than 5 workers). SME in Malaysia is defined as enterprises in manufacturing sector with annual sales under 7 million USD and enterprises in service and agriculture sector with under 1.4 million USD. SME is […]

Capital Size of the Enterprise sector in Vietnam

Nationally, the average registered capital per enterprise has increased over the years, from VND 962 million in 2000 to VND 3.14 billion in 2006; equivalent to a 3.2 times increase. The average registered capital per enterprise was VND 8.1 billion in 2007 and was VND 8.7 billion in 2008. Generally, the average capital size per […]

Support to Vietnamese Enterprises during Global Economic Downturn

Support on taxation in 2009 The Government issued a number of new financial policies, including: allowing SMEs to reduce up to 30% of payable corporate income tax (CIT) in the fourth quarter of 2008 and all of 2009; and extending the deadline for CIT payment in 2009 by nine months for enterprises involved in production, outsourcing, […]

Registered Enterprises and Capital of main regions of Vietnam in 2008

The first chart indicates average capital that is registered by enterprises in 8  regions of Vietnam in 2008. Average registered capital ranged from 5.45 to 9.92 billion VND for 7 regions and Mekong Delta was exceptional high with 23.8 billion VND. Explaining for Mekong Delta’s high average capital, it can be referred to some large […]

The Number of Enterprises in Vietnam in the 2000 – 2009 period

In the 2000-2009 period, the number of registered business increased by 22% per year on average. During this period, a significant increase was observed in 2000-2001 (an increase of 37%), 2003-2004 (34%) and 2008-2009 (29%). In 2008 and 2009, and in spite of difficulties caused by the global economic crisis, the number of newly registered […]

GDP Growth, Inflation, Credit Growth in Vietnam from 2005 to 2009

Table 1: Key macro indicators Indicator 2005 2006 2007 2008 2009 GDP growth (% p.a.) 8.4 8.2 8.5 6.2 5.3 Inflation (change in CPI, % p.a.) 8.3 7.5 8.3 23.1 6.9 Credit Growth (% p.a.) 31.7 25.4 53.9 25.4 37.7 (Source: IMF to 2008, 2009 data by GSO)