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Competitiveness of Hanoi SMEs poor

Released at: 09:00, 26/01/2018

Competitiveness of Hanoi SMEs poor

Photo: Hai Van

Recent business forum hears of woes besetting the capital's SMEs.

by My Van

Most small and medium-sized enterprises (SMEs) in Hanoi produce low value-added products with low competitiveness, so it is therefore necessary to develop production strategies to improve competitiveness and sustainable development, Mr. Mac Quoc Anh, Vice Chairman and General Secretary of the Hanoi SMEs Association, told a recent business forum entitled "Improving the Competitive Ability of Hanoi SMEs" held in the capital.

Most enterprises are still of small scale, marked by low competitiveness and outdated equipment. They also frequently face shortages of capital, human resources, and suitable premises, and have difficulties accessing resources for development.

Moreover, SMEs in Hanoi have not had specific business strategies and have not identified targeted customers. Increasing their competitiveness has become an urgent matter.

The Hanoi SMEs Association offered support by organizing the business forum. “They were able to exchange information relating to investment, business, mechanisms, and policies and seek business development opportunities as well as suggestions on effective business models,” he said.

The forum included activities such as exchanges and experience sharing on the process of investment, production, and business. SMEs could also share their difficulties and problems in the investment process and seek opportunities to access capital.

SMEs at the forum presented new products as well as modern solutions to resolve their difficulties. The potential, advantages, and challenges of e-commerce during the fourth industrial revolution (Industry 4.0) were also discussed.

Ms. Pham Thi Ly, Director of the Integration Development Enterprise Center (IDE), made a presentation entitled “Quality and Transparency are the Key to Creating Trust Among Customers”, Mr. Nguyen Dinh Hung, General Director of the EDX Corporation, made one entitled “E-commerce in the Industry 4.0 Era”, and Mr. Nguyen Quang Huy, General Director of the Khai Minh Investment Joint Stock Company, spoke about “ERP Solutions for SMEs”.

The forum also included activities such as B2B business connections, introducing products and services, and consultations on training, remuneration, marketing and communications, and legislation.

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