Headlines 26/05/2022 15:50 CH

Regulations on assistance for small and medium start-ups of Vietnam

Ngọc Duy

This is a content of Circular No. 06/2022/TT-BKHDT dated May 10, 2022 on guidance on Decree No. 80/2021/ND-CP elaborating the Law on Assistance for Small and Medium Enterprises (SMEs).

According to the Circular, authorities and organizations that assist start-ups that are SMEs according to regulations in Articles 4 and 5 of Circular No. 06/2022/TT-BKHDT and some specific regulations as follows:

- Students of SMEs shall be assisted in participating in advanced trainings in Vietnam and foreign countries under clause 5 Article 22 of Decree No. 80/2021/ND-CP , including tuition fees, materials, meals, accommodation, transportation (including airfares).

- SMEs shall be assisted in maintaining accounts on e-commerce platforms as prescribed in clause 6 Article 22 of Decree No. 80/2021/ND-CP , including:

+ For Vietnamese e-commerce platforms: payment fees, fixed fees and service fees that sellers must pay to e-commerce platforms;

+ For international e-commerce platforms: costs for sellers' accounts, costs for introduction and order fulfillment, warehousing, barcode registration, etc.

- SMEs shall be assisted in participating in international startup competitions as prescribed in clause 6 Article 22 of Decree No. 80/2021/ND-CP , including participation fees and charges; meals, accommodation in host countries; transportation (including airfares); etc.

Circular No. 06/2022/TT-BKHDT comes into force from June 25, 2022 and annuls Circular No. 05/2019/TT-BKHDT dated March 29, 2019 and Circular No. 06/2019/TT-BKHDT dated March 29, 2019.

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