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SMEs drive growth: NA Chairwoman

Update: March, 15/2018 - 19:21
Small-and medium-sized enterprises (SMEs) have become drivers for national economic growth, said Chairwoman of the National Assembly Nguyễn Thị Kim Ngân.— VNA/VNS Photo Trọng Đức

HÀ NỘI — Small-and medium-sized enterprises (SMEs) have become drivers for national economic growth, said Chairwoman of the National Assembly Nguyễn Thị Kim Ngân. 

They have generated jobs and income for labourers and significantly contributed to national socio-economic development, and narrowing the gap between the rich and the poor, the top legislator said at a meeting with a delegation of the Association of Vietnamese small-and medium-sized enterprises (VINASME) in Hà Nội on Wednesday. 

Hailing the association’s contributions to the country’s achievements, she said VINASME had implemented patriotic movements and campaigns launched by the Party, State and Việt Nam Fatherland Front. 

The NA leader praised the association’s initiatives to fight counterfeit goods and drugs, which, she said, had brought great socio-economic benefits. 

She highlighted the Party’s policies and State’s laws on the private economy, support for SMEs and business environment improvement. 

The chief legislator pointed out that up to 97 per cent of private enterprises are at micro or small scale, with low technology, financial capacity, productivity and business efficiency. They have also shown weaknesses in connecting with each other and with foreign-invested businesses, as well as in joining value chains. 

This explains why many private firms halt operation or dissolve, she said. 

Ngân noted her hope that the association will continue to improve its capacity and prestige, and play an active part in social criticism, and the building and issuance of legal documents on operation of the business circle. — VNS

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