New capital mobilization solutions are opening up for small and medium-sized enterprises (SMEs) as banks expand unsecured lending options in line with the spirit of Resolution 68. Businesses that move toward transparent financial management will have significantly more opportunities to access capital at much more reasonable costs than in the past. Resolution 68, issued on May 4, 2025 by the Politburo, directs commercial banks to expand unsecured lending to businesses based on their ability to manage cash flows. Under this new legal framework, banks can set credit limits based on income statements, value-added tax (VAT) declarations, and e-invoices. By connecting Application Programming Interface (API) data between banks, accounting software providers, tax authorities, and the Credit Information Center (CIC), data verification and customer credibility assessments can be conducted instantly, helping banks cut around half of the personnel costs involved in credit appraisal. A number of banks such as BIDV, Techcombank and MBBank have taken the lead in implementing the SME support goals of Resolution 68 by partnering with MISA to roll out rapid and flexible lending solutions via the MISA Lending platform. SMEs using MISA accounting software only need to activate the loan connection feature; the system will automatically collect three […]
New capital mobilization solutions are opening up for small and medium-sized enterprises (SMEs) as banks expand unsecured lending options in line with the spirit of Resolution 68. Businesses that move toward transparent financial management will have significantly more opportunities to access capital at much more reasonable costs than in the past. Resolution 68, issued on May 4, 2025 by the Politburo, directs commercial banks to expand unsecured lending to businesses based on their ability to manage cash flows. Under this new legal framework, banks can set credit limits based on income statements, value-added tax (VAT) declarations, and e-invoices. By connecting Application Programming Interface (API) data between banks, accounting software providers, tax authorities, and the Credit Information Center (CIC), data verification and customer credibility assessments can be conducted instantly, helping banks cut around half of the personnel costs involved in credit appraisal. A number of banks such as BIDV, Techcombank and MBBank have taken the lead in implementing the SME support goals of Resolution 68 by partnering with MISA to roll out rapid and flexible lending solutions via the MISA Lending platform. SMEs using MISA accounting software only need to activate the loan connection feature; the system will automatically collect three […]
New capital mobilization solutions are opening up for small and medium-sized enterprises (SMEs) as banks expand unsecured lending options in line with the spirit of Resolution 68. Businesses that move toward transparent financial management will have significantly more opportunities to access capital at much more reasonable costs than in the past. Resolution 68, issued on May 4, 2025 by the Politburo, directs commercial banks to expand unsecured lending to businesses based on their ability to manage cash flows. Under this new legal framework, banks can set credit limits based on income statements, value-added tax (VAT) declarations, and e-invoices. By connecting Application Programming Interface (API) data between banks, accounting software providers, tax authorities, and the Credit Information Center (CIC), data verification and customer credibility assessments can be conducted instantly, helping banks cut around half of the personnel costs involved in credit appraisal. A number of banks such as BIDV, Techcombank and MBBank have taken the lead in implementing the SME support goals of Resolution 68 by partnering with MISA to roll out rapid and flexible lending solutions via the MISA Lending platform. SMEs using MISA accounting software only need to activate the loan connection feature; the system will automatically collect three […]
Resolution 68/NQ-TW recently issued by the Politburo to boost private sector development is expected to stimulate economic growth and further strengthen the private sector...
Vietnamese Ambassador to Germany Nguyen Dac Thanh has met with German business executives in Vietnam to promote deeper economic cooperation, especially strengthening partnerships between...
HCMC - Vietnamese Ambassador to Germany Nguyen Dac Thanh has met with German business executives in Vietnam to promote deeper economic cooperation, especially strengthening...
With the addition of one million new businesses, contributions to economic growth, the state budget, employment, and social welfare are expected to increase, while...
Small and medium-sized enterprises (SMEs) have few choices when it comes to borrowing, but access to loans at commercial banks is still tough though...
HCMC — HCMC plans to reduce business approval paperwork and related costs by 30% to support economic growth and improve the business environment.
The People’s...
HCMC – Vietnam wants to have at least one million more businesses by 2030, especially small and medium-sized enterprises (SMEs).
Prime Minister Pham Minh Chinh...