Law on Small and Medium Sized Enterprise Promotion No. 11/NA.

This Law defines the principles, rules and measures regarding the promotion of the small and medium sized enterprises (SME) and building competitiveness for SME to promote the production of commercial goods, trade and services business activities, aiming to create employment, raise the people’s incomes and living standards, and contribute to sustainable growth of the national socio-economy development.
The government encourages and promotes the development of SMEs aiming to enhance their competiveness capability regarding the production, trade and service, by providing supports on the financial, technical, technological, marketing and scientific research and others. The Promotion of SMEs shall apply main principles as follow: 1. Being in line with the sectoral, regional and national policy, strategy, socio – economic, development plans and appropriate with conditions of SMEs, as stipulated in article 9 of this law; 2. Ensuring the SMEs for the establishing, operating and developing with facility, speedy, transparency and fairness 3. Ensuring jobs creation and upgrading living conditions of citizens. 4. Acknowledging and ensuring the protection of SME’s property rights and benefits, according the laws on the SMEs promotion; 5. Protecting and maintaining natural resources, environmental and social security.