SMEs become more active in global chain production
Small-and medium-sized enterprises (SMEs) have become more confident and active to get engaged in the global production value chain, heard a workshop in Hanoi on November 9.
Hanoi (VNA)🐼 – Small-and medium-sized enterprises (SMEs) have become more confident and active to get engaged in the global production value chain, heard a workshop in Hanoi on November 9.
According to the Central Institute for Economic Management (CIEM), the ratio of enterprises withdrawing from the market stood at 8.2 percent per annum over the past three years.
The number of newly-established firms has increased in the 2010-2015 period, while the rate of employment also registered a rise of 5.2 percent, the CIEM said.
The positive outcomes were attributed to the support policies, especially the enforcement of the Law on Investment and the Law on Enterprises.
Experts also pointed to existing shortcomings such as the small-scale operation, low productivity and application of new cutting-edge technologies, poor-quality products, and limited competitiveness.
They said a single business line brought higher economic efficiency and profits for businesses than multiple business lines.
In the context of global integration, it is a good idea for SMEs to concentrate on a specific field to make inroad into the most suitable market segment, the panel recommended.
Vice President of the CIEM Phan Duc Hieu said improving the business-investment climate is imperative to realise the target of having one million effectively operational businesses by 2020.-VNA
President Tran Dai Quang urged small-and medium-sized enterprises (SMEs) to churn out products and services of international standards as part of the global value chain.
The Association of Small- and Medium-Sized Enterprises should continue proposing policies and mechanisms to the Government in order to facilitate the development of SME businesses.
Promoting the use of digital technology in small- and medium-sized enterprises (SME) to improve their competitive edge was the main topic of a seminar held in Ho Chi Minh City on November 2.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
Illustrative image (Source: VNA)
