Vietnam business

Gold and securities, once the most attractive investment options for many people, are no longer the top choice as minor price fluctuations bring tiny profits.

In previous days, people rushed to purchase and sell gold when the ‘gold price wave’ towered. Investors profited hugely by buying when the price was low and selling when the price rose. However, others lost a lot of money surfing this wave and, since then, gold has become less attractive.

Stronger policies are needed to support small- and-medium-sized enterprises (SMEs) and help them better perform their role in the nation’s development, said Enterprise Development Agency deputy director Nguyen Trong Hieu at a workshop in Ha Noi yesterday, July 9.

"SMEs help mobilise all possible resources, bringing opportunities to all businesses and improve overall competitiveness," Hieu told the workshop entitled SME Development Support: Policies and Solutions for Implementation.

SMEs are also important in creating jobs and improving incomes, he added.