Small and medium sized enterprises (SMEs) should develop long-termstrategies, renew technology and equipment and management, PresidentTruong Tan Sang said at a meeting with outstanding businesspeople inHanoi on July 16.
The meeting marked the tenth anniversary of the Association of Small and Medium Sized Enterprises.
ThePresident said the association should work harder to attract moreenterprises and involve them in the making of policies concerning them.
Hesaid the association hosted 90 percent of all businesses in Vietnam,adding that it had played a great role in creating jobs and wealth forthe nation, contributing much to national socio-economic development.
Hesaid that the Party and society would always create the best conditionsfor SME businesses to grow. He urged the association to help itsmembers access legal consultation, finance, technological transfer,market information and copyright.
He called on enterprises toco-operate better among themselves and with bigger businesses to makeroads into markets where big brands were established.
Cao SyKiem, Chairman of the Association, told President Sang that theassociation now extended to 55 provinces and had 52,000 membersoperating in most economic realms.
He said SMEs had beenconfirmed as one of main drivers of national economic development,contributing 40 percent to the Gross Domestic Product (GDP), 30 percentof the State budget, 33 percent of total industrial value, 30 percent ofexport value and make up half of the nation's workforce.
They had also helped preserve many of the dwindling traditional craft villages.-VNA
The meeting marked the tenth anniversary of the Association of Small and Medium Sized Enterprises.
ThePresident said the association should work harder to attract moreenterprises and involve them in the making of policies concerning them.
Hesaid the association hosted 90 percent of all businesses in Vietnam,adding that it had played a great role in creating jobs and wealth forthe nation, contributing much to national socio-economic development.
Hesaid that the Party and society would always create the best conditionsfor SME businesses to grow. He urged the association to help itsmembers access legal consultation, finance, technological transfer,market information and copyright.
He called on enterprises toco-operate better among themselves and with bigger businesses to makeroads into markets where big brands were established.
Cao SyKiem, Chairman of the Association, told President Sang that theassociation now extended to 55 provinces and had 52,000 membersoperating in most economic realms.
He said SMEs had beenconfirmed as one of main drivers of national economic development,contributing 40 percent to the Gross Domestic Product (GDP), 30 percentof the State budget, 33 percent of total industrial value, 30 percent ofexport value and make up half of the nation's workforce.
They had also helped preserve many of the dwindling traditional craft villages.-VNA
