Chairman of Quang Ngai Provincial People’s Committee Nguyen Xuan Hue has recently held a dialogue with Small and Medium Enterprises (SME) in the province in a bid to solve difficulties triggered by gallop inflation in the year.
SME businesses were reported to had been not well so far the year because of sky-rocked prices and inflation.
Mostly SMEs commented that they faced high input costs and a lack of capital on account of the bank’s strict policies.
Some requests: simplified- investment formalities and SMEs supported-policies were also raised in the meeting.
The Chairman, in a bid to encourage SMEs to pass the difficulties, directed local-based Banks to lower lending rates, create favour policies to help SMEs borrow capital. He also pledged to kick off one-door policy to grass-roots.
In addition, the Chairman called local SMEs for establishing Association, which will be address to connect SMEs to the local Government and vice versa.
Minh Chau
