Better capital mobilization for small enterprises bet88 con startups needed

Vietnam has a large network of small businesses bet88 con startups that play an important role in its economy, but they face different difficulties in mobilizing capital bet88 con require support in terms of legal framework bet88 con mechanisms.

There are currently some 3,000 startups in Vietnam, including three “unicorns”. Investment in the country’s startups increased last year, to an unprecedented .3 billion or more.

Law No. 04/2017/QH14 on supporting small bet88 con medium-sized enterprises (SMEs) is in place, as is Decree No. 38/2018/ND-CP detailing Law No. 04, which contains regulations on principles, contents, bet88 con resources to support SMEs bet88 con the responsibilities of agencies, organizations, bet88 con individuals involved in supporting SMEs.

For startups, Vietnam also has Directive No. 09/CT-TTg in 2020 from the Prime Minister, which is a foundation for promoting the founding bet88 con operation of innovative startups.

Despite the efforts made, small businesses bet88 con startups still face difficulties in attracting investment capital to get started or expand production.

It has been suggested that Vietnam learn from the US’s experience in promoting investment in small businesses bet88 con startups.

Firstly, there needs to be a suitable legal framework as well as clear policies on capital mobilization. Secondly, policymakers should boost the development bet88 con increase the role of investment funds. bet88 con lastly, there should be more exchanges between regulatory authorities, market participants, bet88 con the business community.