Beverage giant cooperates to promote development of Vietnamese SMEs in joining global value chains.
by Hong Nhung
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Coca-Cola Vietnam has recently announced it will assist local small and medium-sized enterprises (SMEs) through a mentorship program, in line with its sustainability commitment to help improve their capabilities. It recently participated in the SMEs Symposium 2017, entitled “Elevating Vietnamese SMEs to the Fourth Industrial Revolution World” and held in Ho Chi Minh City.
The symposium was an integral part of the memorandum of understanding (MoU) signed by the US-ASEAN Business Council (US-ABC) and the Vietnam Chamber of Commerce and Industry (VCCI) and
The symposium follows a chain of activities to achieve the objectives of the Vietnamese Government as stated at the 24th APEC SME Ministerial Meeting (SMEMM 24), organized by the Ministry of Planning and Investment in September under the theme “Improving Competitiveness, Innovation of Micro, Small and Medium Enterprises in the Age of Globalization”. Facilitating regional SMEs’ opportunities for innovation and access to information networks and global markets in the digital age is one of the four main priorities of APEC 2017.
The SMEs Symposium 2017 featured discussions on the need for Vietnamese SMEs to have the direction and resources needed to accelerate the application of technology, update or transform their business model to maximize the trends in the fourth industrial revolution (Industry 4.0), seize opportunities to cooperate, join the supply chain of American companies, and enter global markets.
“The fourth industrial revolution is increasingly affecting all countries worldwide,” said Mr. Sanket Ray, CEO of
Taking into consideration the important role of SMEs in its operations,
“We believe that American multinational companies should work hand-in-hand with the government and local businesses to elevate SMEs in joining the fourth industrial revolution world,” said Ambassador of the US to Vietnam, H.E. Michael W. Michalak. “Therefore, in 2017, US-ABC and its members have remained committed to supporting the success of Vietnamese small businesses by holding three workshops and one final symposium today.”
The “Supporting SMEs in Vietnam for Sustainable Development” project is part of
Some 12 SMEs were selected to participate in VCCI’s training program and gain mentorship from consultants and experts, and eight were confirmed as being qualified to participate in
“We look forward to supporting improvements in the performance of SMEs through in-depth training and mentoring, to help businesses better capture new business opportunities and effectively solve the challenges of sustainable development,” said Mr. Nguyen Duc Binh, Director of VCCI’s Small and Medium Enterprise Support Center.
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