Businesses want to remain smallDeputy chair of the Can Tho Entrepreneurs Association, Nguyen My Thuan, said some business households in Can Tho City registered to become enterprises but later decided to operate as business households again. Over 97 percent of private businesses are considered micro or small. This is why numerous private businesses are dissolved after short periods of operation. Chair of the Nghe An Province’s Small & Medium Enterprises, Phan Thanh Mien, confirmed that small businesses don’t have huge capital and mortgaged assets, and most of them cannot borrow money from banks. According to Cao Sy Kiem, former chair of the Vietnam Small & Medium Enterprise Association, sources of capital include regulatory capital, capital raised in the capital market and preferential capital from the government.

Source: VietNamNet News February 18, 2018 06:45 UTC