This article is really inspiring for Vietnam’s economy also. Thanks for sharing.
It is the unfortunate situation in Serbia today that small and medium enterprises (SMEs) stagnate in the environment of weak consumer purchasing power, slow and uncertain collection of receivables and almost unworkable funding. Adding to this insufficient business knowledge of entrepreneurs and management as well as often outdated technology available to them, it seems to me that this crucial part of our economy is a long way to become a driving force.
A few years ago I participated in the international conference in Johannesburg on the topic of SME finance with delegates from the International Finance Corporation (IFC), banks from Europe, Africa and the USA with relevant experience as well as other parties. It was to my surprise to learn about the range of assistance – not only funds – that IFC provides to local banks all over the world for setting up a system of SME…
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