JICA to support Vietnamese SMEs’ development
VGP - The Japan International Cooperation Agency (JICA) Viet Nam Office and the Agency for Enterprise Development (AED) under the Vietnamese Ministry of Planning and Investment (MPI) on December 19 in Ha Noi signed the Record of Discussions (R/D) of the “Project for SME Promotion and Industrial Development”.
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Mr. Konaka Tetsuo, Chief Representative, JICA Vietnam Office (middle left), and Mr. Le Manh Hung, Director General, Agency for Enterprise Development, MPI (middle right), signed the R/D. |
JICA’s priority is to support improvement of technical and managerial capacity of SMEs who are the basis of the supporting industry in the strategic sectors highlighted under the Vietnamese Industrialization Strategy.
Under the framework of this project, local SMEs with high potential to join the global value chains - the direct beneficiary of the project, will also receive direct technical support to be able to level up and meet the standards of global industrial buyers. Local SMEs will also receive indirect support through training provided to public and private SME support consultants.
Planned to be implemented between April 2020 and April 2023, the project aims at improving the connection between local small and medium enterprises (SMEs) and the global industrial value chains with the support mechanism stipulated by the SME Support Law and Supporting Industries Policies.
Concurrently, the existing database of agencies and organizations supporting SMEs will be reviewed for the improvement of National SMEs Website Portal, which will contribute to the development of business linkage database between local suppliers and leading industrial firms operating in Viet Nam.
By Hoang Ha
