Meta’s survey shows that small and medium enterprises (SMEs) in Vietnam are affected by the new Covid-19 strain, but optimistic signals are revealed.

Many small and medium-sized enterprises (SMEs) plan to increase cross-border trade for their products via e-commerce platforms to promote exports in the context of the COVID-19 pandemic.

Digital transformation has always been a tumbling block for small and medium enterprises (SMEs) as they often aim high while having limited financial resources and manpower.

With the goal of turning digital technology into the input factor for production, MIC and 27 enterprises with excellent digital platforms have signed contracts to help SMEs go digital in 2022.

Nguyen Van Than, Chairman of the Vietnam Association of Small and Medium-sized Enterprises, said up to 70% of Vietnamese small and medium enterprises are outside the digital economy, and only about 20% are learning about it.

Many small-scale businesses are making profits equal to that of large corporations.

The Ministry of Planning and Investment is working on a resolution to support and develop Vietnamese businesses for the period of 2021-2025, replacing Resolution No. 35/NQ-CP dated May 16, 2016.

Small and medium-sized enterprises (SMEs) should strive to build better cybersecurity infrastructure, capabilities and culture.

As domestic small and medium-sized enterprises retain a large thirst for capital supply, foreign institutions are pouring support into those able to bounce back in 2022.

Agriculture, beauty and personal care and home and gardening are three potential export industries in which Vietnamese small-and-medium enterprises (SMEs) can grab the opportunity to grow their business in 2022.

In the past year, nearly 7.2 million products of Vietnamese small and medium sized enterprises were sold to Amazon customers around the world (average 14 products per minute).

Small- and medium - sized enterprises are striving to boost digital transformation, based on the country’s National Strategy on the Fourth Industrial Revolution for this decade.

Most of the 100,000 businesses that have left the market in 2021 have been small and medium sized enterprises (SMEs), which has caused difficulties to millions of workers and their families.

Vietnam is showing signs of socio-economic recovery though the COVID-19 pandemic remains complex, according to Francois Painchaud, Regional Resident Representative of the International Monetary Fund (IMF) in the country.

Many businesspeople have complained that they have had to sell cars and fixed assets to maintain operations. Some have even sought capital from black credit sources with exorbitant interest rates.

Small and medium-sized enterprises (SMEs) are in dire need of financial resources to maintain and restore operations.

According to a new study by Cisco, 59% of small and medium enterprises (SMEs) in Vietnam experienced network problems in the past year. As a result, information of many customers was stolen by hackers.

Businesses need loans without collateral and a simple procedure which allows them to access bank loans soon or they will die before they get the money.

A survey conducted by Vietnam Chamber of Commerce and Industry (VCCI) in September of nearly 3,000 businesses found that 93.9 percent have been affected by the pandemic at a ‘completely negative’ or ‘mostly negative’ level.

Many Vietnamese tycoons regret that the largest beer company in Vietnam, the Saigon Alcohol Beer and Beverage Joint Stock Corporation (Sabeco), has fallen into the hands of Thai investors.