The Prime Minister issued Decision No 03/2011/QÐ-TTg on January 10 on guaranteed loans for small- and medium-sized enterprises (SMEs). Under the decision, the Viet Nam Development Bank is obligated to guarantee loans from commercial banks in Vietnam for SMEs operating in agriculture, processing, manufacturing and construction as regulated in Decree No 56/2009/NĐ-CP. A qualifying will receive a guarantee from the Development Bank within 30 days of application. The new decision takes effect on February 25 and replaces Decision No 14/2009/QĐ-TTg and Decision No 60/2009/QĐ-TTg.