Workshop spotlights support for SMEs in foreign trade hinh anh 1The workshop in Hanoi on October 31 updates the Vietnamese Government’s latest support policies for SMEsand foreign banks’ assistance for their international trade activities (Photo: VNA)

Hanoi (VNA) – The Vietnamese Government’s latest support policies for small- and medium-sized enterprises (SMEs) and foreign banks’ assistance for their international trade activities were updated at a workshop in Hanoi on October 31.

The event, which was co-hosted by the Vietnam Chamber of Commerce and Industry (VCCI) and Standard Chartered Bank Vietnam, attracted many economists and representatives of commercial banks, business associations and more than 100 enterprises.

VCCI Secretary General Pham Thi Thu Hang said SMEs have been contributing remarkably to trade activities, creating jobs and fostering Vietnam’s economic growth for many years. Therefore, it is essential to provide them with necessary assistance to develop effectively and sustainably, she added.

Hang also spoke highly of opportunities of cooperation with Standard Chartered, which could give SMEs useful information and experiences to gain success in international trade activities, saying this is of special importance amid Vietnam’s deeper integration into the regional and global economies.

Nirukt Sapru, CEO of Standard Chartered Bank Vietnam, said over the last two decades, the country has gained a number of benefits from expanding trade and investment ties with many countries.

Vietnam is now enhancing external trade relations, and SMEs are an essential part of this process, helping the nation to further integrate into global supply chains, he added.

Standard Chartered Bank Vietnam pledges effective support for Vietnamese firms to integrate into the global economy and expand their business activities, Sapru stressed.

He added that his bank provides banking solutions for all activities of SMEs from capital management, activity expansion, profit improvement to cross-border business activities. They are particularly designed to help SMEs carry out bank transactions more easily so that the companies can focus on developing their business activities.-VNA