THE PRIME MINISTER

Decision No. 601/QD-TTg dated April 17, 2013 of the Prime Minister on establishing medium and small enterprise development fund
Pursuant to the Law on Government organization dated December 25, 2001;
Pursuant to the Decree No. 56/2009/ND-CP of June 30, 2009, on assistance to the development of small- and medium-sized enterprises;
At the proposal of the Minister of Planning and Investment,
DECIDES:
Article 1. To establish the Medium and Small Enterprise Development Fund (hereinafter called Fund) to support medium and small enterprises that have feasible business plans encouraged by the State and conformable with the purposes of the Fund in order to improve the competitiveness of enterprise and contribute to the increase of incomes and employment creation.
Article 2. Fund’s legal status
1. The Fund is a state financial institution affiliated to the Ministry of Planning and Investment. The Fund has a separate the Balance sheet, charter capital, seal, and legal status, is allowed to open accounts at State Treasuries or commercial banks
2. Name: Medium and Small Enterprise Development Fund. English name Medium and Small Enterprise Development Fund (SMEDF)
3. The head office of the fund is situated in Hanoi. The Minister of Planning and Investment shall consider and decide the establishment of its representative offices in some central-affiliated cities and provinces.
Article 3.  Fund’ s subjects and operation scopes
1. The subjects of the Fund are medium and small enterprises, as prescribed by law, that directly engage in investment, production, and business belonging to the list prioritized industries of the Fund made by the Ministry of Planning and Investment in each stage.
2. The Fund shall support the operation of medium and small enterprises nationwide.