The Small and Medium Enterprise Development Fund (SMEDF) has partnered with Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to provide financial support to small and medium-sized enterprises (SMEs) in Vietnam.
This collaboration aims to strengthen the financial capabilities of SMEs, particularly those involved in innovative startups and industry clusters.
The SMEDF, under the Ministry of Planning and Investment, plays a crucial role in providing direct and indirect lending to SMEs, while VPBank brings its expertise in the financial sector to the partnership.
VPBank is committed to offering comprehensive financial solutions tailored to the needs of SMEs, including preferential interest rates and streamlined access to capital.
This collaboration is aligned with the Law on SME Support and aims to create a supportive environment for SMEs to innovate and grow.
Overall, this partnership represents a proactive approach to addressing the financial needs of SMEs in Vietnam and empowering the SME community.