Enhanced Access to Credit for Small and Medium Businesses in Vietnam

In recent years, small and medium-sized enterprises in Vietnam have continuously grown in both quantity and quality. Small and medium enterprises are considered as the growth engine of the economy, contributing to solving social security problems of the country, such as creating jobs, reducing poverty, and reducing income disparities. Besides, this type of enterprise is very dynamic, easy to apply new production technology, so it plays an important role in promoting economic modernization. However, besides the achievements, there are still certain limitations that limit the access to credit capital of small and medium enterprises. That hinders small and medium enterprises in saving time, accessing many new opportunities and promoting competitive advantages in the market. On the basis of considering the current situation of small and medium-sized enterprises when accessing credit capital, in this article, the author offers solutions so that State management agencies can adjust policies, Commercial banks have increased their support for loans, and small and medium-sized enterprises themselves have promoted their internal resources and improved their business plans to access credit capital in the fastest and most convenient way.