The paper discusses the general background of rise of the Vietnamese small and medium-sized enterprises (SMEs), and the contemporary significance of the Vietnamese supporting industry promotion policy through reviewing existing research papers and published statistics. Firstly, in the chapter 1, the rise of the private sector with advanced deployment since the Doi Moi 1) (Nguyen Thi Tue Anh,
... [Show full abstract] 2014) is overviewed in a brief. The following chapter 2 discusses a trend of the Vietnamese SMEs enhancement policy, which includes supporting industry development policy for SMEs. The third chapter summarizes actual situation and some challenges regarding the Vietnamese SMEs supporting policy as well as some policy implication for improvement of the current Vietnamese SME policy implementation.