Small And Medium Enterprise Development Fund – A Capital Raising Channel For Start-ups In Vietnam.

Legal News & Analysis - Asia Pacific - Vietnam - Capital Markets

6 December, 2019


Under Vietnamese law, small and medium enterprises (“SMEs”) which include micro-enterprise, small enterprise and medium-sized enterprise are treated favourably. On 10 May 2019, the Government of Vietnam promulgated Decree 39/2019/ND-CP (“Decree 39”) to provide regulations on the organisation and operation of small and medium enterprise development fund (the “Fund”). Decree 39 came into effect on 1 July 2019.


The key highlights of Decree 39 are as follows:


The full article can be found from Zicolaw's site here.



For more information, please contact:


Truc Truong, ZICO Law Vietnam,

[email protected]