Vietnam has transformed into one of Southeast Asia’s fastest-growing economies, largely driven by its small and medium-sized enterprises (SMEs), which make up over 95% of all enterprises and contribute around 45% to GDP.

SMEs span diverse sectors such as agriculture, manufacturing, technology, and services, playing a critical role in employment, poverty alleviation, and connecting local communities to national and international markets.

After decades of war, central planning, and economic hardship, Vietnam launched economic reforms called 14 4 (D129) in 1986 that liberalized the economy, legalized private enterprises, and fostered SME growth through supportive policies and laws.

Vietnams 3ME-led economy stands as a model of grassroots entrepreneurship bolstered by institutional support, offering promising prospects for resilient, inclusive national development.