Hanoi, July 3 -- The controlled sandbox mechanism in the banking sector is expected to significantly enhance access to capital for small and medium-sized enterprises (SMEs), experts said at a recent seminar on the implementation of Government Decree No. 94.

Speaking at the July 2 event, Andri Meier, Deputy Head of Development Cooperation at the Swiss Embassy in Vietnam, noted that SMEs account for more than 95% of registered businesses in the country. As the backbone of the private sector, SMEs are regarded as a key driver of economic growth, innovation, and digital transformation in Vietnam.

However, SMEs often face difficulties in accessing formal financing. Many banks still consider them high-risk borrowers, leading to loan requireme...