Local businesses urged to renovate for stronger development

Can Tho (VNA) - Enterprises need to take actions in order to innovate themselves, towards stronger development amid difficulties, said Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc.

Speaking at a business connection programme held by entrepreneur and business associations in 17 provinces and cities nationwide in the Mekong Delta city of Can Tho on July 20, Loc stressed that business associations should join hands with the Government to remove difficulties facing their member firms.

According to Loc, around 1.2 million enterprises have been established in Vietnam so far. However, only 640,000 of those are operating, with 60 percent reporting no profits.

The majority of Vietnamese enterprises are small and medium-sized with low corporate management index, Loc said.

 “This shows what difficulties business communities are facing”, he noted.

He suggested that localities should not only assist enterprises with difficulties, but also find potential firms to take support measures, thus helping them further promote business and production activities.

The business connection programme, held annually in the form of business-to-business matching (B2B Matching), attracted 400 delegates of 19 business associations from the central, eastern and Mekong Delta regions, and Ho Chi Minh City.

As many as 104 firms from the associations exhibited and introduced their products at the event, with 420 business opportunities being exchanged through the referral marketing.

Nguyen Van Hao, Chairman of the Can Tho Business Association, said organising the event is one of the key tasks of the association to enhance connection among business communities, while providing them with information related to market, products and newly issued relevant legal regulations.

The association sets to organise nine training courses concerning the above-mentioned contents for 113 enterprises with 578 attendees in 2018.-VNA