Minister of Planning and Investment Nguyen Chi Dung speaks at the event (Photo: VNA)
Hoa Binh (VNA) – The 13th forum oncooperation – connectivity for the development of enterprises in the northernregion took place in Hoa Binh on October 4.
Speaking at the event, Minister of Planning and InvestmentNguyen Chi Dung highlighted the importance of businesses to the Vietnameseeconomy.
Underscoring that the growth of the local business communityin both terms of quantity and quality remains slow and they are facingdifficulties in international connectivity, the minister called on participantsof the forum to put forth measures to boost their capacity and competitiveness.
According to statistics from the organiser of the event –the Vietnam Association of Small and Medium Enterprises, due to COVID-19, inthe first nine months of this year, more than 70,000 firms, mostly small- andmedium-sized ones (SMEs) and business households, stopped operation, affectingover 31 million employees.
Participants focused on obstacles that have hindered theenforcement of the law on support for SMEs, while making recommendations on howto tackle hurdles faced by enterprises in production and trade hurdles and buildlinks between big enterprises with their small and medium-sized counterparts.
Outcomes of the annual function were collected by competentagencies for submission to the Party, State, Government, and a number ofministries serving the making of laws and policies./.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
Minister of Planning and Investment Nguyen Chi Dung speaks at the event (Photo: VNA) 
