Business

Lam Dong enterprises connected to SME development fund

The People’s Committee of the Central Highlands province of Lam Dong and the Small & Medium Enterprise Development Fund launched a connectivity programme in the locality on April 14.
Lam Dong enterprises connected to SME development fund ảnh 1Illustrative image (Source: VNA)
Lam Dong (VNA) – ThePeople’s Committee of the Central Highlands province of Lam Dong and the Small& Medium Enterprise Development Fund launched a connectivity programme inthe locality on April 14.

More than 200 local small andmedium-sized enterprises were introduced to the fund, and how to access itsfinancial support.

Many SMEs expressed interest in thefund’s assistance for start-ups and the use of greenhouses as collateral forloans.

Vice Chairman of the provincial People’sCommittee Nguyen Van Yen said the province currently records 6,447 businesseswith a total registered capital of nearly 61 trillion VND (2.65 billion USD),including 917 new firms established in 2016.

He said the average annual revenueof local firm is more than 10 billion VND (434,000 USD) and over 53 percent ofbusinesses earn profit.

Thanks to strength in agricultureand tourism services, Lam Dong leads the country in high-tech agricultural productionwith more than 40,000ha and an average earning of 800 million VND – 1 billionVND each ha per year.-VNA
source
#Small & Medium Enterprise Development Fund#connectivity#agricultural production#collateral
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