Expectations to strengthen support mechanisms for small and medium enterprises from provincial funds

The conference on mechanisms, policies and operations between the Land Development Fund, Development Investment Fund, Credit Guarantee Fund and the Thai Nguyen Province Small and Medium Enterprises Association took place on the afternoon of September 9 in Van Xuan Ward, which is expected to create new steps in accompanying and supporting the business community in the area.

Representatives of provincial funds and the Association of Small and Medium Enterprises signed a memorandum of cooperation.

In the context that small and medium enterprises account for more than 97% of the total number of enterprises in the province, accessing capital to expand investment and improve competitiveness remains a big challenge.

Many businesses report difficulties in accessing bank credit due to lack of collateral, while capital sources from the Credit Guarantee Fund, Land Development Fund or Development Investment Fund have not yet been fully exploited.

Representatives of the Association of Small and Medium Enterprises reflected many difficulties in accessing credit.

With the aim of removing these "bottlenecks", the Conference focused on discussing practical solutions such as: A more favorable credit guarantee mechanism for businesses; coordination methods for the Land Development Fund and the Development Investment Fund to participate in supporting businesses in production and business projects; increasing transparency and simplifying procedures so that resources from the funds reach the right beneficiaries...

On this occasion, the provincial funds and the Association of Small and Medium Enterprises signed a memorandum of understanding on cooperation. Accordingly, the parties committed to enhancing information exchange and close coordination in capital support, credit guarantees, and infrastructure investment. Thereby, improving the efficiency of resource use and creating more favorable conditions for small and medium enterprises in the area.

Source: https://baothainguyen.vn/kinh-te/202509/ky-vong-tang-cuong-co-che-ho-tro-doanh-nghiep-nho-va-vua-tu-cac-quy-cua-tinh-e4e4732/