Support information, consultancy, and human resource development for small and medium enterprises (SMEs); support for SMEs converted from household businesses, start up innovative businesses, participating in industrial clusters and value chains, which are clearly defined in Decree No. 39/2018 / ND-CP on guidelines for Law on support SMEs.
Accordingly, SME is entitled to access to information prescribed in Clause 1 Article 14 of Law on support for SMEs, free of charge, on the SMEs support website under management of the Ministry of Planning and Investment and website of ministries, ministerial-level agencies, People’s Committees of provinces and central-affiliated cities (hereinafter referred to as provinces).
The state budget shall cover at least 50% of total expenses that SMEs likely incur in a training course in startup and business administration. Trainees of SMEs in severely disadvantaged areas or women-owned SMEs shall be eligible for being offered free tuition fees.
When a household business applies for conversion to an enterprise, the People’s Committee of province shall assign a body to provide consultancy and guidelines free of charge, shall be exempt from fee for initial enterprise registration charged by the business registration authority; and be exempt from fee for disclosure of initial enterprise registration on the National Business Registration Portal.
SME converted from a household business, engaging in conditional industry, is exempt from fee for appraisal and issuance of initial business license; in case that the SME converted from a household business, keep engaging in conditional industry without changing the scope of operation, and is still required to apply for re-issuance of business to the competent authority. The competent authority shall re-issue a business license within 3 working days from the date of receipt.
If the SME converted from household business solely change the scope of operation and keep engaging in the conditional industry, the competent authority shall provide consultancy and guidelines free of charge in terms of procedures for initial issuance of license. The SME converted from household business shall be exempt from license fee within 3 years from the date on which the initial business registration certificate is issued
SMEs will be supported by intellectual property consultancy; Exploiting and developing intellectual property; Support on procedures for technical regulations and standards, quality measurement; testing and improvement of new products and business model; support in technology application and transfer; support for training, information, trade promotion and other trade; support the use of technical facilities, incubation facilities, common working area.
SMEs participating in industrial clusters and value chainwill be supported with costs for specialized training courses on technology and production techniques in the field; supporting production and business linkages; support for brand development, market expansion; Providing consultancy on standards, technical regulations, measurement and quality; Assist in the implementation of procedures for trial production, inspection, inspection and quality certification.
In addition, the Decree also specifies criteria for determining SMEs as follows:
SMEs are classified by size, including microenterprises, small enterprises and medium-sized enterprises.
Microenterprise in the sector of agriculture, forestry and aquaculture and industry and construction has an annual average of 10 employers or fewer who have make contributions to social insurance and total annual revenue is not more than VND 3 billion or total capital is not more than VND 3 billion.
Microenterprise in the trade and service sector has an annual average of 10 employers or fewer and total annual revenue is not more than VND 10 billion or total capital is not more than VND 3 billion.
Small enterprise in the sector of agriculture, forestry and aquaculture and industry and construction has an annual average of 100 employers or fewer who have make contributions to social insurance and total annual revenue is not more than VND 50 billion or total capital is not more than VND 20 billion, other than the microenterprise prescribed in this Decree.
Small enterprise in the trade and service sector has an annual average of 50 employers or fewer who have make contributions to social insurance and total annual revenue is not more than VND 100 billion or total capital is not more than VND 50 billion, other than the microenterprise prescribed in this Decree.
Medium-sized enterprise in the sector of agriculture, forestry and aquaculture and industry and construction has an annual average of 200 employers or fewer who have make contributions to social insurance and total annual revenue is not more than VND 200 billion or total capital is not more than VND 100 billion, other than the microenterprise small enterprise prescribed in this Decree.
Medium-sized enterprise in the trade and service sector has an annual average of 100 employers or fewer who have make contributions to social insurance and total annual revenue is not more than VND 300 billion or total capital is not more than VND 100 billion, other than the microenterprise and small prescribed in this Decree.
Le Thi Diem Quynh
Agency for Business Registration