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Top legislator: SMEs - momentum of national economy

Small-and medium-sized enterprises (SMEs) have become a momentum for national economic growth, said Chairwoman of the National Assembly Nguyen Thi Kim Ngan.
Top legislator: SMEs - momentum of national economy ảnh 1 Chairwoman of the National Assembly Nguyen Thi Kim Ngan (5th, right, front) and representatives of SMES. (Source: VNA)
Hanoi (VNA) – Small-and medium-sized enterprises(SMEs) have become a momentum for national economic growth, said Chairwoman ofthe National Assembly Nguyen Thi Kim Ngan.

They have generated jobs and income for labourers andsignificantly contributed to national socio-economic development, and narrowingthe gap between the rich and the poor, the top legislator said at a meetingwith a delegation of the Association of Vietnamese small-and medium-sizedenterprises (VINASME) in Hanoi on March 14.

Hailing the association’s contributions to the country’sachievements, she said VINASME has successfully implemented patriotic movementsand major campaigns launched by the Party, State and Vietnam Fatherland Front.

The NA leader praised the association’s scientificinitiatives on counterfeit goods combat and drug detoxification, which, shesaid, have brought great socio-economic benefits.

She highlighted the Party’s policies and State’s laws onprivate economy, support for SMEs and business environment improvement.

The chief legislator pointed out the fact that up to 97percent of private enterprises have micro and small scale, with low technology,financial capacity, productivity and business efficiency. They have also shownweaknesses in connecting with each other and with foreign-invested businesses,as well as in joining domestic and international value chains.

This explains why many private firms have to halt operationor dissolve, she said.

NA Chairwoman Ngan noted her hope that the association willcontinue to improve its capacity and prestige, and play a more active part insocial criticism, and the building and issuance of legal documents on operationof the business circle.-VNA
VNA

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