It‟s a negative impact to the capital accessibility and efficient capital using. Aware of this problem, Vietnam government has many policies to encourage MSEs‟ growth as well as to increase the capital accessibility for MSEs. These policies are restraining inflation, reduction the loan procedures for MSEs, indirect stimulus policy etc. This study also describes the economy context of Vietnam after the crisis and the reality of MSEs as well as the assessments about government‟s efforts to increasing the capital accessibility for businesses in Vietnam. | Trần Văn Quyết và Đtg Tạp chí KHOA HỌC & CÔNG NGHỆ 118(04): 139 - 145 MONETARY POLICY AND FINANCIAL SUPPORT FOR SMALL AND MEDIUM ENTERPRISES IN VIETNAM POST PERIOD OF GLOBAL RECESSION Tran Van Quyet1*, Duong Thanh Tinh1, Tran Van Nguyen1, Chang Taikoo2 1 College of Economics and Business Administration - TNU Daegu University, Rep. of Korea (Corresponding Author) 1 SUMMARY Each day, MSEs have more and more contributions for development of each country. In Vietnam, MSEs make up 97% in the total number of active companies and it has major contribution for GDP growth. After the global crisis and recession (2008), the collapse of the banking and finance market has strongly impacted to the growth and development of MSEs in Vietnam. It‟s a negative impact to the capital accessibility and efficient capital using. Aware of this problem, Vietnam government has many policies to encourage MSEs‟ growth as well as to increase the capital accessibility for MSEs. These policies are restraining inflation, reduction the loan procedures for MSEs, indirect stimulus policy etc. This study also describes the economy context of Vietnam after the crisis and the reality of MSEs as well as the assessments about government‟s efforts to increasing the capital accessibility for businesses in Vietnam. Key words: Monetary policy, financial support, MSEs, period of global recession, access capital. INTRODUCTION* The WTO accession is expected to bring about new opportunities for SMEs development like the creation of a level playing field, easier access to production factors and cheaper imported inputs in the domestic market, expansion of export markets, and facilitation of the national economy to engage more in-depth in regional and global production networks. After the WTO accession, Vietnamese SMEs anticipate tremendous difficulties in both domestic and global markets because they lack a competitive edge over foreign rivals [16]. Many SMEs experience high production costs, poor quality of
