On April 26, 2024, the Government issues the Decree No. 45/2024/ND-CP on organization and operation of small- and medium-sized enterprise development fund.
Decree No. 45/2024 amends and supplements a number of provisions prescribed in Article 16, Decree No. 39/2019/ND-CP on organization and operation of small- and medium-sized enterprise development fund.
Accordingly, conditions for loan borrowing of small- and medium-sized enterprise development fund are as follows:
- To meet the criteria for innovative small- and medium-sized enterprises as prescribed in the Law on Support for Small- and Medium-sized Enterprises and other documents giving instructions on implementation thereof (amended and supplemented);
- To have feasible production and business projects and plans and ensure compliance with criteria for identifying innovative small- and medium-sized enterprises (amended and supplemented);
- Ensure the equity participation in a production and business project or plan makes up at least 20% of the total investment capital to implement that production and business project or plan, and ensure sufficient capital for implementation of a production and business project or plan.
- Satisfy all the regulations on borrowing fund in accordance with the Decree No. 39/2019/ND-CP.
Conditions for loan borrowing of small- and medium-sized enterprise development fund in industry association clusters are as follows:
- To participate in industry association clusters as prescribed in the Law on Support for Small- and medium-sized enterprises and other documents giving instructions on implementation thereof;
- To have feasible projects and production and business plans in the industry and field of the industry association cluster;
- Ensure the equity participation in a production and business project or plan makes up at least 20% of the total investment capital to implement that production and business project or plan, and ensure sufficient capital for implementation of a production and business project or plan.
- Satisfy all the regulations on borrowing fund in accordance with the Decree No. 39/2019/ND-CP.
Conditions for loan borrowing of small- and medium-sized enterprise development fund in the value chain are as follows:
- To participate in the value chain in accordance with the Law on Support for Small- and Medium-sized Enterprises and other documents giving instructions on implementation thereof;
- To have feasible production and business projects and plans, and have products in the value chain;
- Ensure the equity participation in a production and business project or plan makes up at least 20% of the total investment capital to implement that production and business project or plan, and ensure sufficient capital for implementation of a production and business project or plan.
- Satisfy all the regulations on borrowing fund in accordance with the Decree No. 39/2019/ND-CP.
The Decree No. 45/2024/ND-CP takes effect on June 10, 2024.
