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 […]
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