A working group under the Ministry of Industry is now working on changes to the law on small and medium sized enterprises

Within the policy of developing small and medium enterprises, a moderate amount of support is provided by the state. As a result, the number of small and medium enterprises has reached 40,000. However, the ministry believes that too many small factories are manufacturing the same types of products and competing with each other, which has become a barrier for development.  

The Ministry of Industry has decided to consolidate the activities of these factories and integrate their efforts in a decision to support policy driving competition in the market 

As indicated in the newly amended law, it has been decided to categorize small and medium enterprises as micro, small, and medium enterprises.