APEC Working Group for SMEs Meeting opens in Hanoi

The 23rd Small and Medium-sized Enterprises Working Group Meeting (SMEWG) opened in Hanoi on September 26 with the participation of delegates from the Asia-Pacific Economic Co-operation (APEC) member economies, APEC Secretariat, observers and international organisations.

Addressing the opening ceremony, the Deputy Minister of Planning and Investment of Vietnam, Truong Van Doan, said the meeting is an important step towards the success of the APEC Vietnam 2006 SMEs Ministerial Meeting.

Deputy Minister Doan said "2006 is full of APEC events of high importance to Vietnam, a country on its way to international economic integration, coupled with opportunities and challenges ahead for its entire economy, including the nascent SME community."

According to him, Vietnam has been utilising both physical and human resources to shorten the development gap with other economies in the region, in parallel to hunger eradication, poverty alleviation and social equality.

"Therein, the contribution from all economic sectors, including the private one, particularly from the SME sector, is strongly encouraged," he said.

He said the SME community in Vietnam is at early stage in all aspects, namely financial capability, technological know-how, management skill and global economic integration. Hence, international economic fora such as the APEC SME Ministerial Meeting and related meetings will be opportunities for Vietnam to better understand and acquire invaluable experiences in SME development from other economies.

During the two-day meeting, the participants will discuss SMEs-related issues such as creating favourable business environment, improving capacity in trade and investment, and intensifying co-operation for SMEs, with focus put on the draft Hanoi Declaration on strengthening competitive capacity in trade and investment for SMEs.

They will also discuss the implementation of the Daegu Initiative on SME reform, the improvement of operation of SME Working Group and its co-operation with other organisations within APEC. (VNA)


 


Nhan Dan