At the press conference on the business conference between the Prime Minister and enterprises. (Photo: Thu Hang/VOV)

At a press conference on Wednesday, Dung said the dialogue illustrated the government’s commitment to supporting business development.

Dao Minh Tu, Deputy Governor of the State Bank of Vietnam , answered a question about charging small and medium-sized enterprises a fee for capital access.

“Cost reduction for small and medium-sized enterprises is an urgent task. The reduction can be done in various ways, but the most essential way is to reduce lending rates. Reduction by commercial banks, part of a larger national program, has proven effective over the years. The more the interest rate is cut, the better it is for SMEs,”   Tu said.

Tu said using a credit package worth 4.3 billion USD to invest in high-tech is a key to improving the competitiveness of domestic farm produce in the global market.