Vĩnh Long eyes 8-10 per cent annual increase in number of small, medium firms

Must Read

The Cửu Long (Mekong) Delta province of Vĩnh Long hopes to increase its number of small and medium enterprises by 8-10 per cent a year until 2025. —VNA/VNS Photo

VĨNH LONG — Vĩnh Long Province is implementing a programme to support small and medium enterprises with a target of increasing their number by 8-10 per cent a year on average until 2025.

Lương Trọng Nghĩa, deputy director of its Department of Planning and Investment, said the programme sought to create a favourable environment for SMEs and promote economic growth.

It included policies related to credit, tax, premises, technology transfer, legal advice, human resources, and market expansion.

The province would help businesses access capital from its investment funds to develop production and business plans.

According to Nghĩa the province has more than 3,180 enterprises, but the number is lower than targeted.

This year it targets 10 per cent growth in industrial production and 11 per cent growth in retail sales of goods and services and creation of 20,000 jobs.

Last year many businesses did well despite the difficulties posed by the pandemic.

Nguyễn Tường Nam, chairman of the Vĩnh Long Young Entrepreneurs Association, said the pandemic brought challenges but also opportunities in new business sectors and services. VNS

- Advertisement -spot_img


Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest News

Sumitomo Group and BRG Vietnam discussed with Blue Diamond about residential building managment

On August 31, representatives of Sumitomo Corporation Japan, BRG Group Vietnam, CYFEER Company met with the Vice General Director...
- Advertisement -spot_img

More Articles Like This

- Advertisement -spot_img