HANOI, Nov. 9 (Xinhua) -- As many as 24 percent of surveyed Vietnamese small and medium sized enterprises (SMEs) face difficulty in credit access, said the country's Central Institute for Economic Management (CIEM) on Wednesday.
A survey on characteristics of Vietnam's business environment among SMEs was released by CIEM in capital Hanoi on Wednesday, saying that in 2011, a total of 45 percent of local surveyed SMEs had trouble in credit access. The figure fell to 30 percent in 2013.
The second biggest difficulty faced by Vietnamese SMEs is lack of demand toward their products. In 2013, some 27 percent of surveyed SMEs experienced the problem, while the figure dropped to 21 percent in the current survey.
In the third place, Vietnamese SMEs also encountered competitiveness pressure. Some 17 percent of the surveyed SMEs said they saw competitiveness pressure, a rate that remains unchanged compared to previous survey.
The survey was carried out among over 2,600 private SMEs operating in manufacturing, processing sector across ten Vietnamese localities, some 72 percent of which are micro enterprises.
