Small and medium enterprises still face difficulties in accessing capital
To unlock capital for businesses is the responsibility of the state, credit institutions and businesses themselves.
Statistics from the Department of Enterprise Development, Ministry of Planning and Investment show that in our country, the small and medium-sized enterprise sector and micro-enterprises are contributing up to 451 billion VND to GDP; 311 billion VND to total state budget revenue and creating more than 5 million jobs for society. However, the lack of capital to develop production and business still occurs for enterprises in this sector.
According to economic experts, because most of these enterprises are small in scale, have limited equity and financial capacity, lack assets to secure loans according to regulations or low collateral value, etc., it is very difficult to borrow capital from banks. Therefore, many opinions believe that the solution to unlock capital sources for enterprises is the responsibility of the state, credit institutions and enterprises themselves.
Mr. Pham Quang Viet, Director of Sao Viet Air Conditioning Technology Joint Stock Company, said that Vietnam is entering the era of creative economy, industry 4.0. In which, the greatest assets of enterprises are creative ideas and business plans.
Small and medium enterprises still have difficulty accessing capital.
“In 2018, our company encountered many difficulties, especially difficulties in capital. Of course, when doing business, we need money. In previous years when the company operated normally, capital turnover helped our company not to have difficulties. But in 2018, many orders and many projects came to us, so the amount of capital was very important and how to handle capital, we had to have a solution before. Interspersed with large projects, we signed small projects - small units with short capital turnover use the profits of small projects to support large projects. We completed the progress committed to the investor so that the source of money that investors disburse monthly is stable. We persuaded to borrow idle capital from relatives and employees in the company to have capital to carry out the projects ". Mr. Pham Quang Viet emphasized.
