Criteria for identifying small and medium enterprises

by BichNgoc

What are the small and medium enterprises? How are criteria for identifying small and medium enterprises? LSX Lawfirm will give you the article as follows:

Decree No. 80/2021/ND-CP

Regulated entities

  • Firstly; Enterprises are established, organized and operate in accordance with the law on enterprises, and satisfy the criteria for identifying small and medium-sized enterprises.
  • Secondly; Agencies, organizations and individuals involved in supporting small and medium enterprises.

Criteria for identifying small and medium enterprises

Small and medium-sized enterprise support scheme

A collection of related content, using resources to achieve the annual, medium or long-term goal of supporting small and medium-sized enterprises. The scheme includes the following contents: objectives; support objects and conditions; selection order and procedures; supporting content; implementation resources; mechanism for management, monitoring and evaluation of implementation results; project implementation time; other contents (if any).

Program to support small and medium-sized enterprises

Accordingly; Program to support small and medium-sized enterprises: is a set of contents and tasks to support small and medium-sized enterprises performed by an agency or organization within a certain period of time.

In addition, Plan to support small and medium-sized enterprises: is a set of goals, solutions and funding for supporting small and medium-sized enterprises, which are aggregated and balanced in the annual socio-economic development plan. and 05 years of ministries, ministerial-level agencies, agencies attached to the Government, provincial and national People’s Committees.

Criteria for identifying small and medium enterprises

Firstly

Micro enterprises in the fields of agriculture, forestry and fishery; The industry and construction sector employs an average of no more than 10 employees a year participating in social insurance and the total annual revenue is not more than VND 3 billion or the total capital of the year is not more than VND 3 billion.

Micro-enterprises in the field of commerce and services employing no more than 10 employees per year on average with social insurance contributions and the total annual revenue is not more than VND 10 billion or the year’s total capital is not more than VND 3 billion.

Secondly

Small enterprises in the fields of agriculture, forestry and fishery; the industry and construction sector employs an average of no more than 100 employees a year participating in social insurance and a total annual revenue of not more than VND 50 billion or a year’s total capital of not more than VND 20 billion, but not more than VND 20 billion must be a micro-enterprise as prescribed in Clause 1 of this Article.

Small enterprises in the field of commerce and services employing employees with an average annual social insurance participation of no more than 50 people and a total annual turnover of not more than VND 100 billion or a year’s total capital not exceeding VND 50 billion but not a micro-enterprise as prescribed in Section 1 above.

Thirdly

Medium enterprises in the fields of agriculture, forestry and fishery; the industry and construction sector employs an average of no more than 200 employees a year with social insurance contributions and a total annual revenue of not more than VND 200 billion or a year’s total capital of not more than VND 100 billion, but not more than VND 100 billion must be micro-enterprises, small enterprises as prescribed in Section 1 and Section 2 above.

Medium-sized enterprises in the field of commerce and services employing an average of not more than 100 people a year participating in social insurance and the total annual revenue is not more than VND 300 billion or the total capital of the year is not more than VND 100 billion, but not micro-enterprises, small-enterprises as prescribed in Section 1 and Section 2 above.

Related questions

To receive payment from the state budget to support small and medium-sized enterprises, What do enterprises need to submit?

To receive payment from the state budget to support small and medium-sized enterprises, enterprises need to submit a Payment Dossier containing the following documents:
– Announcement on supporting small and medium enterprises
– Contract, liquidation and acceptance (if any) between small and medium enterprises and agencies, organizations and individuals providing support services.
– Invoices and related financial documents.

Contact LSX Lawfirm

Hope this article: “Process and procedures to support small and medium enterprises” is useful for you.

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