While support to enable firms to engage in global value chains has become pressing amid rapid international integration, businesses are still struggling to access credit, especially SMEs.
A transaction at Maritime Bank (Photo: Maritime Bank)
Hanoi (VNA) – While sꦍupport to enable firms to engage in global value chains has become pressing amid rapid international integration, businesses are still struggling to access credit, especially small- and medium-sized enterprises (SM🦩Es), according to the Ministry of Industry and Trade.
The ministry estimated that just a modest 30 percent of SMEs could access banking loans, adding that the majority of businesses lacked experience and did not have adequate assets for a mortgage or transparent enough financial reports.
Capital, human resources and technology were the three major barriers for Vietnamese enterprises when entering global value chains, the ministry said.
Improving their financial capacity was necessary to promote their participation in global value chains while SMEs were still in the dark about international integration, the ministry said.
Quyen Anh Ngoc, Director of the ministry's Multilateral Trade Policy Department said at a conference jointly held by the Vietnam Chamber of Commerce and Industry (VCCI) and VPBank in Hanoi on August 30 that businesses should be active in working with banks in sectors of their advantage to gain financial resources.
Ngoc also urged businesses to develop appropriate medium and long term business strategies, which would be helpful in asking for credit.
In addition, SMEs should improve their awareness of the commitments of free trade deals, cut inefficient investments to focus finances on their core values and improve competitiveness, he said.
Those factors were important in building trust with credit institutions for the development of SMEs to get funding, according to Ngoc.
Experts at the conference said that improving the business climate together with the national competitiveness were needed to enable Vietnamese firms to participate in global value chains.
There were around 600,000 businesses in Viet n am, 96 percent of which were of small and medium size.-VNA
The loan-to-deposit ratio (LDR) of eight State-owned commercial banks has improved significantly in recent months, making the industry more optimistic about keeping it at a maximum of 90 percent.
Supporting businesses is among the focal tasks of the banking system from now to 2020, said Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.
Deputy Prime Minister Vuong Dinh Hue on August 29 said preferential loans were needed for co-operatives to develop in a sustainable manner and in line with value chains.
The State Bank of Vietnam has directed its supervisors and credit institutions to enhance control on lending to borrowers with large outstanding loans.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
A transaction at Maritime Bank (Photo: Maritime Bank)
