Law No. 04/2017/QH14 on Provision of Assistance for Small and Medium-Sized Enterprises.

This Law provides for principles, contents and resources for assistance for small and medium-sized enterprises and the responsibilities of organizations and individuals related to provision of assistance for SMEs.
Micro-, small and medium-sized enterprises are identified by industries including agriculture, forestry, aquaculture. The principles of provision of assistance for SMEs include: Provision of assistance for SMEs shall comply with market rules and international treaties to which the Socialist Republic of Vietnam is a signatory; Contents, subjects, procedures, resources, levels of assistance and results of assistance for SMEs shall be transparent; If more than one SME satisfy the conditions for the assistance in accordance with regulations of this Law, priority shall be given to the women-owned SME and the SME using more women employees; etc.
Sources of funding for assisting SMEs include: a) Loan capital subsidized and guaranteed by the State; b) Funding provided by the state budget; c) Sources of funding from exemption or reduction of taxes, fees, charges, land rents, land levy and other amounts payable to the State budget in accordance with regulations of law; d) Legal sources of capital provided by domestic and foreign organizations and individuals. The credit guarantee fund for SMEs is a state fund other than the state budget which operates without profitable aims and is established by the People’s Committee of a province. The credit guarantee fund for SMEs shall provide credit guarantee for SMEs. The Law further makes provisions for: the assistance in access to credit, tax and accounting, production premises, expansion of markets, developing human resources, the assistance for SMEs in conversion from household businesses to SMEs, the responsibilities of the Government, inspection and supervision of assistance for SMEs, etc.