Forum seeks ways to improve SMEs’ competitiveness

The event was jointly held by the Ministry of Planning and Investment and the United States Agency for International Development (USAID), attracting the participation of more than 150 delegates from relevant ministries, international organisations, investment funds, and financial institutions.

It has contributed to enhancing the internal strength of the national economy as it moves towards sustainable and inclusive development.

The past two years has seen the Ministry of Planning and Investment and the USAID-funded “Improving Private Sector Competitiveness” Project implement a range of support activities for pioneering businesses and firms that have applied environmental, social, and governance (ESG) practices, as well as those which have achieved remarkable results.

Upon addressing the forum, Deputy Minister of Planning and Investment Tran Duy Dong emphasized that pioneering businesses are the core force to lead and create changes in multiple fields for the Vietnamese economy at present and in the future.

Deputy Minister Dong noted that these will be exemplary businesses that will spread the pioneering spirit of Vietnamese people on the journey to bring "Made by Vietnam" products to the international market.

Furthermore, Aler Grubbs, mission director for Vietnam of USAID, revealed that the USAID is fully committed to accelerating economic growth and improving the overall competitiveness of the Vietnamese private sector.

Through close co-operation with the Ministry of Planning and Investment, the USAID will support businesses in promoting sustainable business and applying ESG practices effectively, she added.

She emphasized that the USAID has helped Vietnamese businesses to improve their competitiveness, achieve their long-term development goals, meet international standards, and join deeply in global value chains for a sustainable and prosperous Vietnam in the future.