Viet Nam


SME and Entrepreneurship Policy in Viet Nam

This publication presents the findings of the OECD review of SME and Entrepreneurship Policy in Viet Nam. It offers an in-depth examination of the performance of small and medium enterprises (SMEs) and entrepreneurship in Viet Nam, the quality of the business environment, and national policies in support of new and small businesses. The report shows that Viet Nam is one of the most globally integrated economies in the world, building its solid growth performance on the attraction of foreign direct investments and export promotion. Viet Nam’s business environment has considerably improved in recent years, although important reforms are still needed in certain policy areas. Viet Nam's SMEs contribute to national employment and national GDP proportionally less than in the OECD area, although official statistics do not take into consideration the large informal sector that mostly consists of self-employed people and micro-enterprises. Viet Nam’s SME and entrepreneurship policies are relatively new, dating back to the early 2000s. In this respect, the 2018 SME Support Law is an important milestone which may help address some of the challenges that are holding back the development of a more vigorous domestic enterprise sector. Key policy priorities in this regard, building better business linkages between multinationals and local enterprises and stronger business development services, are the subjects of two thematic chapters of the report.

Published on January 22, 2021

In series:OECD Studies on SMEs and Entrepreneurshipview more titles


Acronyms and Abbreviations
Basic Statistics of Viet Nam
Executive Summary
Assessment and recommendations
SME and entrepreneurship characteristics and performance in Viet Nam
The business environment for SMEs and entrepreneurship in Viet Nam
The governance of SME and entrepreneurship policy in Viet Nam
SME and entrepreneurship support programmes in Viet Nam
Business linkages in Viet Nam
Business Development Services in Viet Nam
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