SMEDF and VPBank have formed a partnership to provide low-interest loans to small and medium enterprises (SMEs) in Vietnam.

Collaboration to Support SMEs

This collaboration aims to support SMEs, which make up 98% of all businesses in Vietnam, by offering them access to preferential loans with interest rates ranging from 1.2% to 4.4% per year.

The partnership will enhance the financial support available to SMEs and aligns with the government's efforts to improve the competitiveness and quality of SMEs.

Lending Structure for Growth and Innovation

The lending structure established through this collaboration will benefit SMEs by making it easier for them to secure capital for growth and innovation.

VPBank's commitment to supporting SMEs is demonstrated by its investment in technology platforms that enhance the efficiency of financial services.

Government Support and SMEDF's Mission

The Vietnamese government has implemented policies to support SMEs, and the SMEDF's mission extends beyond lending to include capacity building, managing loans and grants, and participating in policy development.

The partnership between SMEDF and VPBank is expected to create a conducive environment for SMEs to thrive and contribute to the economic development of Vietnam.