Mark Horner
The SME Market in Lào Cai
What is a Small to Medium Enterprise?
Small and medium enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees between certain thresholds. Each country has its own definition of what constitutes a small and medium-sized enterprise (SME). Small and medium-sized enterprises in Asia are businesses with no more than 500 employees.
| Capital: Lào Cai |
Lào Cai is a province of the mountainous Northwest region of Vietnam.
How big is the SME Market in Lào Cai?
Small and medium-size enterprises play an important role in the economy of Lào Cai Province. They outnumber large firms considerably, employ large numbers of people and are entrepreneurial in nature, helping to shape innovation and support local communities.
Lào Cai Province has a population of over 801,300 people.
What help is available for SMEs?
Help for small and medium enterprises (SMEs) includes virtual peer-to-peer advisory boards. With our blended model utilising Zoom and supplemented by in person meetings we are able to support and grow businesses anywhere in the world. Our growing network of Regional Directors ensure that we have suitable people to help you whatever your language or time zone.