E ISSN: 2583-049X

International Journal of Advanced Multidisciplinary Research and Studies

Volume 4, Issue 1, 2024

Solving Capital Needs for Small and Medium Enterprises in Vietnam

Author(s): Huy Hung Tran


For developing economies like Vietnam, the small and medium-sized enterprise sector is an important component of economic development and widespread hunger eradication and poverty reduction, a key and sustainable factor sustainably create jobs and income for workers outside the state sector.

Small and medium-sized enterprises currently account for 97% of the total number of businesses in our country's economy. In recent years, the small and medium-sized enterprise sector has been affirming its role as an important driving force for local economic development. The development of small and medium-sized enterprises has created jobs and improved people's lives, ensuring social security, contributing increasingly to the socio-economic development of localities in particular and the country in general.

Most of these businesses have huge capital needs. Many startups are in dire need of "energy" for the stage of establishing business platforms.

The article deeply analyzes the difficulties of capital shortage of small and medium-sized enterprises in Vietnam and proposes some solutions to solve the capital shortage situation for this group of enterprises in the coming time.

Keywords: Small and Medium Enterprises, Economy, Lack of Capital

Pages: 1016-1018

Download Full Article: Click Here