Vietnam SME: The Road to Business Success

Vietnam SME

Reading Time: 5 minutesThe Vietnam SME covers micro, small, and medium-sized enterprises, classified by criteria such as field of operation, registered employees under state social insurance, and financial factors like annual revenue and capital.

These businesses, including medium-sized enterprises in Vietnam, remain vital, constituting 98% of all enterprises, contributing 40% to GDP, and supporting well over half of the country’s employment. The SME sector experienced significant growth in 2016, with an estimated 100,000 new businesses, most of which were largely propelled by government initiatives and reforms.