At the event (Source: VNA) HCM City (VNA) – Micro, small and medium sized enterprises(MSMEs) hold important role for the economic development of Vietnam, said participantsto meetings within the framework of the ongoing 24th Small and MediumEnterprises Ministerial Meeting (SMEMM) held in Ho Chi Minh City.
Manyinnovative goods and many services for SMEs and startups bring great addedvalue, high efficiency, change a lot of traditional ways by that life has beengoing on, said Dang Huy Dong, Vietnamese Deputy Minister of Planning and Investment.
Meanwhile,Aslam Perwaiz, Head of Disaster Risk Management System, Asian DisasterPreparedness Centre, said SMEs are the “backbone” of Vietnam’s economy. SMEscompanies do not have a lot financial liquidity, so if Vietnam gives them moreencouragement incentives, they will really make the country greater, he noted.
There have been more than 600,000 registeredSMEs in Vietnam, employing over 50 percent of total workforce and accountingfor over 40 percent of the GDP. The number of newly-establishedMSMEs has been rising, with about 100,000 new firms per year.
TranQuang Thang, General Director of HCM City Institute of Economy and Management,said Vietnamese MSMEs operating in traditional sectors such as garment-textileand footwear hold tremendous potential in the coming time because of e-commerce,creating more jobs and higher productivity.
“APEC meetings put forward many action plans in finance, technology, output,business ethics and gender issues, helping Vietnamese MSMEs unleash theirpotential and seek more opportunities”, Thang said.
He said three years ago, a project to enhance Vietnamese SMEs’ competitiveness,supported by the European Union, was a success. The project helped MSMEsrealise the importance of strengthening cooperation and self-reliance in thesupply chain finance.
He also stressed the importance of building regional and international MSMEsnetworks, where each member could foster close cooperation and obtain moreinformation of other products. The harmonious operation of the MSMEs networksis expected to create significant achievements and breakthroughs.-VNA
Manyinnovative goods and many services for SMEs and startups bring great addedvalue, high efficiency, change a lot of traditional ways by that life has beengoing on, said Dang Huy Dong, Vietnamese Deputy Minister of Planning and Investment.
Meanwhile,Aslam Perwaiz, Head of Disaster Risk Management System, Asian DisasterPreparedness Centre, said SMEs are the “backbone” of Vietnam’s economy. SMEscompanies do not have a lot financial liquidity, so if Vietnam gives them moreencouragement incentives, they will really make the country greater, he noted.
There have been more than 600,000 registeredSMEs in Vietnam, employing over 50 percent of total workforce and accountingfor over 40 percent of the GDP. The number of newly-establishedMSMEs has been rising, with about 100,000 new firms per year.
TranQuang Thang, General Director of HCM City Institute of Economy and Management,said Vietnamese MSMEs operating in traditional sectors such as garment-textileand footwear hold tremendous potential in the coming time because of e-commerce,creating more jobs and higher productivity.
“APEC meetings put forward many action plans in finance, technology, output,business ethics and gender issues, helping Vietnamese MSMEs unleash theirpotential and seek more opportunities”, Thang said.
He said three years ago, a project to enhance Vietnamese SMEs’ competitiveness,supported by the European Union, was a success. The project helped MSMEsrealise the importance of strengthening cooperation and self-reliance in thesupply chain finance.
He also stressed the importance of building regional and international MSMEsnetworks, where each member could foster close cooperation and obtain moreinformation of other products. The harmonious operation of the MSMEs networksis expected to create significant achievements and breakthroughs.-VNA
VNA
