Resolution 68: A new beginning for Vietnamese SMEs through new financing options!

Resolution 68: A new beginning for Vietnamese SMEs through new financing options!

Raising capital remains a key issue for companies in Vietnam, especially after the challenges posed by the Covid-19 pandemic. Loud vietnam.vn It is particularly important for start-ups to promote innovation and find new ways to raise capital. Vice President of the Hanoi Young Business Association, Mr. Tran Van Minh, highlights that many companies face a lack of collateral for loans, which may limit their expansion.

Small and medium-sized enterprises (SMEs) play a crucial role in this as they rely heavily on bank loans to maintain their operations. However, these are bound to strict legal requirements. Measures presented at the time, such as Resolution 68, aimed to improve credit conditions for these companies and thus facilitate the supply of capital.

Supportive measures and expectations

Resolution 68 is seen by many entrepreneurs as a significant step. Ms. Nguyen Thi Khuyen, CEO of NASAKI Vietnam Co., Ltd., emphasized that these measures could help reduce barriers to access to land and credit. Ms. Tran Thi Thu Trang, CEO of Hanel PT Electronics, also expressed positive views on the mechanisms provided for in the resolution to benefit science and technology companies.

The need to operate transparently and professionally is highlighted by entrepreneurs such as Mr. Nguyen Trung Hieu, General Director of UKG Group Corporation. He emphasizes the importance of incentives in the form of land funds, taxes and loans for SMEs. Entrepreneurs must adhere to the guidelines, create financial transparency and act proactively to survive in the market.

Alternative forms of financing

In addition to government measures, new forms of financing such as crowdfunding offer an alternative way to raise capital. vonferber-langer.de describes that crowdfunding is a form of financing in which many investors invest small amounts in a project. Companies can present their ideas via internet platforms and thus secure capital from interested investors.

Crowdfunding allows companies to avoid strict credit requirements because the “crowd” decides on financing options and not a bank. This method also offers the advantage of a marketing effect as convinced investors can target future customers. However, it should be noted that the financing project can only be implemented if the targeted amount is reached, which represents a certain risk.

Entrepreneurs have high expectations of the implementation of Resolution 68 and are sure that these measures can make a decisive contribution to promoting the Vietnamese economy. However, to meet the new challenges, companies must also strengthen their governance capacities and standardize legal and financial documents.