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SMEs assisted to be more competitive

Over 2,200 small and medium enterprises (SME) across Vietnam have over the past two years been provided with information and legal knowledge to become more competitive.

They have benefited from a project to enhance the capacity of SMEs, especially those in rural areas, after Vietnam joined the World Trade Organisation six years ago.
Over 2,200 small and medium enterprises (SME) across Vietnam haveover the past two years been provided with information and legalknowledge to become more competitive.

They havebenefited from a project to enhance the capacity of SMEs, especiallythose in rural areas, after Vietnam joined the World TradeOrganisation six years ago.

The work was organisedjointly by the Vietnam Association of Small and Medium Enterprises, theScience Institute for SMEs and the Beyond WTO Programme.

Under the project, 23 SME consultancy offices were set up atassociation branches in 23 provinces nationwide, including Thai Binh,Hung Yen, Nghe An, Dak Nong and Ho Chi Minh City.

Association Vice President Dinh Hanh said consultancy offices now helpenterprises with tax policy, capital and market information, which theenterprises once relied on other agencies in the past.

Project director Pham The Hung said the project also offered trainingcourses for businessmen and consultants at SME consultancy offices whiledeveloping an online database that helped them better accessinformation.

The online database, or "online integration library"as it was known, provided nearly 3,000 documents about economicintegration, domestic and international regulations and policies,business start-ups, business governance and market studies.

SMEsin rural areas were found to need advice on capital access, technologyapplication, trade promotion and legal documents about Vietnam'scommitments when joining the WTO, as well as international law.

Theproject costing around 290,000 USD was implemented in November 2011, aspart of the Beyond WTO Programme, and funded by the Australian Agencyfor International Development (AusAID) and the UK Department forInternational Development.-VNA

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