Illustrative image (Source: VNA) Hanoi (VNA) – A seminar seeking measures to helpsmall and medium-sized enterprises (SMEs) start their business operations tookplace in Hanoi on April 5.
Co-hosted by the Ministry of Planning and Investment (MPI),Ibosses Vietnam, and the Association of Chartered Certified Accountants (ACCA),the event aimed to promote economic growth based on science, technology, andinnovations.
Deputy head of the MPI’s Enterprise Development Agency BuiThu Thuy suggested that Vietnam should adopt strategies to promptly grasptrends and acquire successful lessons from countries in support of SMEs, addingthat the Fourth Industrial Revolution affords developing countries rare opportunitiesto make new economic strides.
Chairman of Ibosses Vietnam Tang Ngoc Truong An said that comparedto startup countries – such as Israel, the US, China, and Singapore – Vietnamis only in its early stages.
According to the Vietnam Chamber of Commerce and Industry(VCCI)’s startup index 2017-2018, Vietnam needs to deal with its financial andtechnological issues.
In the rankings of business conditions among 54 countries,Vietnam ranked fifth in terms of dynamism in its domestic market, sixth in socialand cultural norms, and tenth in infrastructure.
However, the country was placed 39th in finance, 40th inbusiness education after high school, and 34th in technological transfer.
An said SMEs and startups now receive further support fromthe Government, financial institutions, and the startup ecological system, yetthose with international-standard governance and financial transparency aremore likely to succeed.
Introducing the National Innovation Centre (NIC) toparticipants, An said NIC will acquire international experience as well as poolprivate financial resources and governance from foreign experts.
He said NIC requires effective pilot programmes and supportfrom ministries, agencies, associations, investors, banks, and educationalestablishments.
ACCA Regional Consultant for ASEAN, Australia, and NewZealand Sharath Martin said SMEs need to build their own growth goals, visions,and strategies. Accordingly, growth strategies should be built on prospectforecasts as well as organisational structure and behaviors.
ACCA will introduce a set of tools for SMEs to fully tapbusiness expansion opportunities and successfully pitch for capital. –VNA
Co-hosted by the Ministry of Planning and Investment (MPI),Ibosses Vietnam, and the Association of Chartered Certified Accountants (ACCA),the event aimed to promote economic growth based on science, technology, andinnovations.
Deputy head of the MPI’s Enterprise Development Agency BuiThu Thuy suggested that Vietnam should adopt strategies to promptly grasptrends and acquire successful lessons from countries in support of SMEs, addingthat the Fourth Industrial Revolution affords developing countries rare opportunitiesto make new economic strides.
Chairman of Ibosses Vietnam Tang Ngoc Truong An said that comparedto startup countries – such as Israel, the US, China, and Singapore – Vietnamis only in its early stages.
According to the Vietnam Chamber of Commerce and Industry(VCCI)’s startup index 2017-2018, Vietnam needs to deal with its financial andtechnological issues.
In the rankings of business conditions among 54 countries,Vietnam ranked fifth in terms of dynamism in its domestic market, sixth in socialand cultural norms, and tenth in infrastructure.
However, the country was placed 39th in finance, 40th inbusiness education after high school, and 34th in technological transfer.
An said SMEs and startups now receive further support fromthe Government, financial institutions, and the startup ecological system, yetthose with international-standard governance and financial transparency aremore likely to succeed.
Introducing the National Innovation Centre (NIC) toparticipants, An said NIC will acquire international experience as well as poolprivate financial resources and governance from foreign experts.
He said NIC requires effective pilot programmes and supportfrom ministries, agencies, associations, investors, banks, and educationalestablishments.
ACCA Regional Consultant for ASEAN, Australia, and NewZealand Sharath Martin said SMEs need to build their own growth goals, visions,and strategies. Accordingly, growth strategies should be built on prospectforecasts as well as organisational structure and behaviors.
ACCA will introduce a set of tools for SMEs to fully tapbusiness expansion opportunities and successfully pitch for capital. –VNA
VNA
