A workshop on 2015 challenges for enterprises was held in Hanoi on January 27 by ‘Dien dan Doanh nghiep’ (The Business Forum) newspaper to assess obstacles and limitations and seek solutions facilitating enterprise development in the context of increasing international integration.
Reports at the workshop revealed that small- and medium-sized enterprises (SME) in Vietnam, comprising 98 percent of total enterprises, are restricted in accessing loans and support from the government. In addition, reform progress in those businesses moves too slowly.
Dr. Vo Tri Thanh, Deputy Director of the Central Institute for Economic Management said that Vietnam struggles to participate in supply chains due to the small number of SMEs and large enterprises in relation to other countries.
However, he highlighted that Vietnam should work to stimulate innovation and cooperation with other countries to leverage its high potential in garments and textiles, leather footwear, fisheries, tourism and services.
Enterprises should familiarise themselves with the legal procedures of the integration process, Thanh said, adding that small-sized enterprises should collaborate with large businesses for capital access and efficient management.
Meanwhile, Nguyen Thi Thu Trang, director of the World Trade Organisation Centre under the Vietnam Chamber of Commerce and Industry, underscored that enterprises should focus on a number of issues including labour, the environment and the quality of products and services.
Apart from efforts made by enterprises, Deputy Director of the Business Development Department under the Ministry of Planning and Investment Bui Thu Thuy stressed the role of the government in simplifying loan procedures and promoting the establishment and utilisation of an SME development fund.VNA
Reports at the workshop revealed that small- and medium-sized enterprises (SME) in Vietnam, comprising 98 percent of total enterprises, are restricted in accessing loans and support from the government. In addition, reform progress in those businesses moves too slowly.
Dr. Vo Tri Thanh, Deputy Director of the Central Institute for Economic Management said that Vietnam struggles to participate in supply chains due to the small number of SMEs and large enterprises in relation to other countries.
However, he highlighted that Vietnam should work to stimulate innovation and cooperation with other countries to leverage its high potential in garments and textiles, leather footwear, fisheries, tourism and services.
Enterprises should familiarise themselves with the legal procedures of the integration process, Thanh said, adding that small-sized enterprises should collaborate with large businesses for capital access and efficient management.
Meanwhile, Nguyen Thi Thu Trang, director of the World Trade Organisation Centre under the Vietnam Chamber of Commerce and Industry, underscored that enterprises should focus on a number of issues including labour, the environment and the quality of products and services.
Apart from efforts made by enterprises, Deputy Director of the Business Development Department under the Ministry of Planning and Investment Bui Thu Thuy stressed the role of the government in simplifying loan procedures and promoting the establishment and utilisation of an SME development fund.VNA
