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Friday, January 17, 2025

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SMEs

A rough ESG ride

Adopting ESG (environmental, social, and governance) practices is a long-term commitment, but small and medium-sized enterprises (SMEs) in Vietnam often face significant hurdles due to limited capital, workforce constraints, and a lack of strategic direction. To address these challenges, many SMEs focus on maximizing available resources, prioritizing key investments, and leveraging their core strengths. The Ministry of Planning and Investment reports that approximately 4,000 Vietnamese businesses are transitioning to sustainable development models with support from international organizations. However, this represents only a small portion of the overall need, as nearly one million businesses across the country require assistance to embrace green transformation practices. Turning challenges into advantages In Ben Tre Province, famously known as the land of coconuts, the journey into green tourism begins at the pier. Each guest is provided with a small notebook, a pencil, and a “net zero passport.” The tour guide explains how to record emissions from each product and activity in the notebook, along with plans to offset them. As the tide shifts, boats glide through coconut groves and mangrove-lined riverbanks, offering visitors a glimpse into the tranquil rhythm of local life. The tides here change direction four times a day, with each cycle lasting […]
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Opportunities for SMEs

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PM urges businesses to lead innovation and growth

HCMC – Prime Minister Pham Minh Chinh has called on Vietnamese companies to lead the way in innovation and drive the country's progress towards...

HCMC assists SMEs with digital transformation

HCMC – The government of HCMC has unveiled a plan to assist small and medium-sized enterprises (SMEs) with digital transformation until 2025, aiming to...

Private sector’s polarization

The list of the top 100 private companies that contribute the most to Vietnam’s budget revenue, according to a recently published ranking, is unsurprising....

Vietnam, South Korea boost cooperation in SME sector

HCMC – Vietnam and South Korea are enhancing their cooperation in the small and medium-sized enterprise (SME) sector, aiming to create new opportunities for...

Softer tax for micro enterprises

To support micro and small enterprises in capital accumulation and business development, the Ministry of Finance has proposed a tax rate of 15-17% for...

Technology policies needed for SMEs

Small and medium enterprises (SMEs) are diverse entities, with each having unique characteristics and facing unique challenges. Therefore, it is imperative to tailor technology...

Huawei unveils digital transformation solution for SMEs

HCMC - Huawei Vietnam has recently introduced the Huawei eKit solution, its digital transformation ecosystem tailor-made for small and medium-sized enterprises (SMEs). Huawei eKit is...

SMEs near breaking point

 Small- and medium-sized enterprises in Vietnam are almost too frail to weather difficulties, the Ministry of Planning and Investment said in a recent report.

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