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In the future, Japan will help improve the environment and allow ASEAN to apply the credit guarantee mechanism like the one in Japan.
In a meeting in November 2015, the ASEAN member nations agreed to apply the credit guarantee mechanism for each phase. In 2016, nations in ASEAN and Japan will cooperate in supervising the financial assistance for SMEs in ASEAN.
Financial database of SMEs will be completed for credit guarantee associations and financial agencies to evaluate credit and money risks to enhance the application of the credit guarantee mechanism.
By Thuy Dung