Small and medium-sized enterprises receive

sultanafarjana

The State supports small and medium-sized enterprises with a focus and time limit , consistent with support goals and ability to balance resources. Support for small and medium-sized enterprises to use non-state resources sponsored by organizations and individuals is carried out in accordance with the regulations of that organization or individual but must not violate the provisions of law. In case an SME simultaneously meets the conditions for different levels of support within the same support content according to the provisions of this Law and other relevant legal provisions, the enterprise may choose the most beneficial level of support. best.


In cases where many small and medium-sized enterprises meet the support conditions prescribed Email Data by this Law, priority will be given to selecting small and medium-sized enterprises owned by women or small and medium-sized enterprises that employ more female workers.  support when they have fully implemented the provisions of the 2017 Law on Support for Small and Medium Enterprises and other relevant laws. Advantages and disadvantages of SME businesses SME businesses only operate on a small and medium scale, so there are many advantages for development. However, due to market competition, SMEs also encounter many difficulties and high risk of failure. Favorable Abundant human resources: SME businesses will not have to spend much time and effort searching for labor resources. Ability to develop and go further.



Businesses only need to know how to seize opportunities and meet customer needs to be able to develop, ensure competitiveness and promote businesses to expand their markets. Flexible operations: SME businesses easily change to meet the needs of the market economy, and at the same time, easily export products abroad thanks to extensive integration. Navigate business management, personnel and employee changes more quickly and easily, even in the face of market fluctuations. Development investment costs are not too high, opportunities to recover capital faster. Hard Besides opportunities for development , the SME business model is also encountering certain difficulties that threaten their existence and development. Some challenges that SMEs face include: Limited capital: SME businesses often lack capital to start business while banks and credit institutions often limit lending to these businesses.