The 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- andmedium-sized enterprises (SMEs) and foreign banks’ assistance for theirinternational trade activities were updated at a workshop in Hanoi on October31.
The event, which was co-hosted by the VietnamChamber of Commerce and Industry (VCCI) and Standard Chartered Bank Vietnam, attractedmany economists and representatives of commercial banks, business associationsand more than 100 enterprises.
VCCI Secretary General Pham Thi Thu Hang saidSMEs have been contributing remarkably to trade activities, creating jobs and fosteringVietnam’s economic growth for many years. Therefore, it is essential to providethem with necessary assistance to develop effectively and sustainably, sheadded.
Hang also spoke highly of opportunities ofcooperation with Standard Chartered, which could give SMEs useful informationand experiences to gain success in international trade activities, saying thisis of special importance amid Vietnam’s deeper integration into the regionaland global economies.
Nirukt Sapru, CEO of Standard Chartered BankVietnam, said over the last two decades, the country has gained a number of benefitsfrom expanding trade and investment ties with many countries.
Vietnam is now enhancingexternal 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 pledgeseffective support for Vietnamese firms to integrate into the global economy andexpand their business activities, Sapru stressed.
He added that his bank provides bankingsolutions for all activities of SMEs from capital management, activityexpansion, profit improvement to cross-border business activities. They areparticularly designed to help SMEs carry out bank transactions more easily sothat the companies can focus on developing their business activities.-VNA
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