Support for human resources development of SMEs
10:15 | 17/04/2019

VGP – The State Bank of Viet Nam will support at least 50% of the expenditures for organizing a training course on business start-up and administration. 

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The Ministry of Planning and Investment has issued Circular No. 05/2019/TT-BKHĐT on support for the human resources development of small and medium-sized enterprises (SMEs). 

The Circular guides training on business start-up and administration, direct training at SMEs, organization of online and mass media training courses for the SMEs and fostering a contingent of cadres, civil servants and officials on charge of supporting the SMEs. 

The State budget will sponsor 100% of expenditures for students of the SMEs located at disadvantaged areas and owned by women. 

Laborers and managers of the SMEs will be provided with accounts to join the online training courses on websites or smart phones. 

The Circular takes effect since May 12, 2019. 

Earlier PM Nguyen Xuan Phuc signed Directive No. 15/CT-TTg detailing specific steps to implement the Law on support for SMEs that took effect on January 1, 2018.

Earlier on March 8, 2018, the Government issued Decree No. 38/2018/ND-CP on investment for small-and-medium start-ups and innovative firms, which took effect on March 11, 2018.

Under the Decree, start-ups will be given support from the State budget in localities with no more than 30% of total investment mobilized from investment funds.

The maximum time for investing in a start-up is five years. After the period, State financial institutions in localities could transfer shares and contribute capital to private investors.

SMEs account for a majority (over 97%) of the total number of enterprises in the economy, playing an important role in creating jobs and income for laborers, mobilizing social resources for development investment and contributing to the state budget./.

By Thuy Dung

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