Constraints on Lao SMEs obstruct business operations
VIENTIANE (Vientiane Times/ANN) – A World Bank survey has suggested that Small and Medium-sized Enterprises (SMEs) in Laos face a range of constraints, most notably difficulty accessing finance, the practices of informal competitors, and electricity outages.
Access to finance has become even more difficult over the past two years, according to the latest World Bank Enterprise Survey.
This problem can be attributed to a combination of persistent factors, such as greater caution in risky lending by the banking sector, a lack of proper business and financial planning and management among SMEs, low financial literacy, lack of variety of financial services offered to SMEs, especially in rural areas, and high interest rates.
News Desk
http://annx.asianews.network/content/constraints-lao-smes-obstruct-business-operations-101968
