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Vietnam Plans Network to Aid Digital Transformation of SMEs

This year, Vietnam intends to create a digital economic consulting network at the communal level to assist small and medium-sized enterprises (SMEs) in their digital transformations. There are around 785,000 SMEs in Vietnam, accounting for nearly 98% of total registered businesses. SMEs contribute approximately 50% of Vietnam’s gross domestic product (GDP). However, the COVID-19 epidemic […]

OECD Studies on SMEs and Entrepreneurship SME and Entrepreneurship Policy in Viet Nam

The Organisation for Economic Co-operation and Development (“OECD“) published a report on its study of SME and Entrepreneurship Policy in Viet Nam in 2021. Briefly, we set out some key highlights about the characteristics and performance of SMEs and entrepreneurship in Vietnam below: ✔️Vietnamese SMEs appear to be quite innovative ✔️SMEs are adequately involved in […]

Unlocking value in Vietnam’s banking market for SMEs and MSMEs

Small and medium enterprises (SMEs) and micro-SMEs (MSMEs) account for nearly 70 percent of GDP and 80 percent of Vietnam’s employment in 2020.   Vietnamese SMEs and MSMEs are facing challenges from banks, including: Cannot meet the need of SMEs and MSMEs due to their focus on secured lending (i.e.  big-ticket, collateralized loans) Continue to drive […]

Donation of masks to The National Fund For Vietnamese Children

On behalf of Sing-Viet Impact Ventures, our Executive Vice President Joe Tan met up with the Director of Quỹ Bảo trợ trẻ em Việt Nam (The National Fund For Vietnamese Children), Dr Tien, to personally handover the first carton of the 120,000 masks to be donated for Vietnamese children. Remaining cartons of masks will be […]

Donation by SVIV of surgical masks to Vietnam

In light of the evolving global pandemic, we are pleased to announce that SVIV recently rallied Singapore SMEs to initiate a community-driven mask donation initiative to raise funds for the purchase of masks to be donated to Vietnam. With support from our network of members, SVIV managed to acquire a total of 140,000 surgical masks […]

Vietnam merchant-platform startup raises $45m from KKR

Vietnamese business-to-business startup KiotViet, a merchant platform for micro, small and medium enterprises (MSMEs), has raised $45 million in a Series B round from private equity company KKR with participation from existing investor Jungle Ventures. Read more…

The economy that covid-19 could not stop

Having impressed the world by taming the virus last year, Vietnam is now in the middle of its worst outbreak of covid-19 by far. Parts of the country are in strict lockdown and a swathe of factories, from those making shoes for Nike to those producing smartphones for Samsung, have either slowed or shut down, […]

Vietnam: Major changes in the new Environmental Protection Law

The National Assembly of Vietnam, at its recent 10th meeting, has adopted the new Law on Environmental Protection (“New Law”) following the proposal of the Ministry of Natural Resources and Environment of Vietnam (MONRE). The New Law represents the most significant modernization of the environmental law regime of Vietnam since the first law on environmental […]

Why the Agtech Industry Will Aid Vietnam’s Hi-Tech Growth

Agriculture is an important economic sector in Vietnam. In 2020, agriculture, aquaculture, and forestry sectors contributed 14.9 percent to Vietnam’s GDP, which is lower than 41.6 percent of the service and 33.7 percent of the industry sector. Although agriculture has doubled in terms of value in the last decade, its share in GDP has witnessed […]