Sep 24, 2026 · 12 min · 8 segments
The Law on Support for small and medium enterprises No. 04/2017/QH14 after 8 years of implementation has contributed to the formation of the first legal framework for activities to support business…
One, major changes in the new draft.
Simpler, more transparent, and broader criteria for identifying small and medium-sized enterprises.
One notable change in the draft is the adjustment of the criteria for identifying small and medium-sized enterprises.
Under current regulations, such enterprises are identified based on multiple criteria: the average annual number of employees participating in social insurance, total capital, or total revenue of the immediately preceding year.
The draft, by contrast, is oriented toward simplifying the method of identification, prioritizing the criterion of annual total revenue to facilitate cross-checking against tax data, insurance records, and other state management systems.
As a result, the most important basis for determining whether an enterprise belongs to a supported group, the level of support it receives, and whether it meets the conditions to continue receiving support is annual total revenue.
At the same time, the draft broadens the concept of entities given priority in the application of support policies, including small and medium-sized enterprises owned by persons with disabilities or ethnic minorities, as well as enterprises that operate sustainably and inclusively and apply ESG standards.
This indicates that the policy for supporting small and medium-sized enterprises is shifting toward a direction tied to sustainable development goals.
An enterprise is evaluated not only by its scale of revenue, number of employees, or total capital, but also by how it creates value for society, the environment, and the community.
Furthermore, the draft aims to assess enterprises through the nature of their operations, such as employing labor in compliance with regulations, maintaining environmentally friendly policies, controlling emissions, ensuring the traceability of goods, practicing transparent internal governance, protecting personal data, and complying with the law, rather than relying solely on the contents recorded in introductory profiles.
Supporting small and medium-sized enterprises in priority development sectors.
The draft refers to mechanisms such as a regulatory sandbox for lending based on cash flow, value chains, and intangible assets rather than relying solely on traditional collateral, a simplified accounting regime for micro enterprises, the responsibility of local authorities and infrastructure investors to allocate a certain area of land for small and medium-sized enterprises to lease at preferential rates, and access to surplus public assets, offices, factories through transparent means, along with support for shared digital platforms.
In practice, one of the difficulties facing this group of enterprises is not only a lack of business ideas but also a shortage of collateral, premises, technology, and access to formal resources.
If properly institutionalized, this could be an important change for small and medium-sized enterprises.
It would help them enhance their competitiveness as it is tied to improving technological capacity, the ability to innovate, and the ability to participate in the market.
Overall, this policy shows that the draft is moving from a model of broad-based support for small and medium-sized enterprises toward focused support tied to new drivers of growth.
One, major changes in the new draft.
Simpler, more transparent, and broader criteria for identifying small and medium-sized enterprises.
One notable change in the draft is the adjustment of the criteria for identifying small and medium-sized enterprises.
Under current regulations, such enterprises are identified based on multiple criteria: the average annual number of employees participating in social insurance, total capital, or total revenue of the immediately preceding year.
The draft, by contrast, is oriented toward simplifying the method of identification, prioritizing the criterion of annual total revenue to facilitate cross-checking against tax data, insurance records, and other state management systems.
As a result, the most important basis for determining whether an enterprise belongs to a supported group, the level of support it receives, and whether it meets the conditions to continue receiving support is annual total revenue.
At the same time, the draft broadens the concept of entities given priority in the application of support policies, including small and medium-sized enterprises owned by persons with disabilities or ethnic minorities, as well as enterprises that operate sustainably and inclusively and apply ESG standards.
This indicates that the policy for supporting small and medium-sized enterprises is shifting toward a direction tied to sustainable development goals.
An enterprise is evaluated not only by its scale of revenue, number of employees, or total capital, but also by how it creates value for society, the environment, and the community.
Furthermore, the draft aims to assess enterprises through the nature of their operations, such as employing labor in compliance with regulations, maintaining environmentally friendly policies, controlling emissions, ensuring the traceability of goods, practicing transparent internal governance, protecting personal data, and complying with the law, rather than relying solely on the contents recorded in introductory profiles.
Supporting small and medium-sized enterprises in priority development sectors.
The draft refers to mechanisms such as a regulatory sandbox for lending based on cash flow, value chains, and intangible assets rather than relying solely on traditional collateral, a simplified accounting regime for micro enterprises, the responsibility of local authorities and infrastructure investors to allocate a certain area of land for small and medium-sized enterprises to lease at preferential rates, and access to surplus public assets, offices, factories through transparent means, along with support for shared digital platforms.
In practice, one of the difficulties facing this group of enterprises is not only a lack of business ideas but also a shortage of collateral, premises, technology, and access to formal resources.
If properly institutionalized, this could be an important change for small and medium-sized enterprises.
It would help them enhance their competitiveness as it is tied to improving technological capacity, the ability to innovate, and the ability to participate in the market.
Overall, this policy shows that the draft is moving from a model of broad-based support for small and medium-sized enterprises toward focused support tied to new drivers of growth.
The rest of this transcript — segmented and speaker-labeled, so you land on the exact moment something was said
Search every transcript — by keyword, by phrase, or by meaning, across every show Radar indexes
Trends — what is surging across podcasts, measured against its own baseline
Alerts — when a name you follow appears in a newly indexed episode
No account is needed to search Radar.