Improving small and medium businesses’ capacity

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Báo QĐND English - 36 month(s) ago 8 readings

Improving small and medium businesses’ capacity

The Vietnam Association of Small and Medium Enterprises (VINASME) on January 13 held a seminar in Hanoi to improve its capacity building of trade policy.

The seminar, part of the Multilateral Trade Assistance Project III, aims to discuss ways to iron out snags and create favourable conditions for business and production activities, as well as to seek markets, boost trade, and promote the connection between the State and the private economic sector.

VINASME Deputy General Secretary Vu Van Dung said that through the project, his association has proposed issues related to trade policy, focusing on income tax, land rental price, bank interest rates, and a roadmap to establish a credit guarantee fund.

The association has also held 15 training courses to help business owners improve their management capacity and business skills, and increase their awareness of social responsibility, he said.

Dinh Thi Lien, Vice President of the Vinh Phuc provincial Business Association, said the project has helped provide businesses with information on trade policy.

To Hoai Nam, VINASME Vice President and Secretary General, predicts that in 2012, small- and medium-sized businesses will face various challenges, still finding it difficult to access capital resources due to complicated procedures and high interest rates.

According to participants, if Vietnam considers small and medium businesses a key sector to reduce poverty and ensure social welfare, it is necessary to reduce administrative procedures to help the businesses access capital.

Source: VOV

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