(kontumtv.vn) – After nearly 40 years of Innovation, small and medium enterprises have grown strongly in both quantity and quality, currently accounting for nearly 98% of the total of more than 940,000 operating enterprises.
Speaking at the Government Standing Committee’s working session with Vietnamese small and medium-sized enterprises (SMEs) with the theme “A creative state, Vietnamese SMEs make breakthroughs in the new era”, which took place on the afternoon of February 27, Deputy Minister of Planning and Investment Nguyen Duc Tam emphasized that SMEs are the main production force of the economy, playing a very important role in the cause of national construction and development.
In 2024, the country's GDP is estimated to increase by 7.09%, of which the industrial and construction sector, where most SMEs are concentrated, will increase by 8.24%, contributing over 45% to the total added value of the economy. SMEs in the service sector also recorded strong growth. The added value of the service sector in 2024 will reach 7.38%, higher than the 6.9% increase in 2023.
In particular, the wholesale, retail, transportation, warehousing, finance, banking and insurance sectors all recorded impressive growth, with significant contributions from the SME sector. In addition, SMEs in the agriculture, forestry and fishery sector also maintained stable growth, with added value reaching 3.27% in 2024. This shows the recovery and sustainable development of SMEs in the context of many fluctuations in the global economy.
Besides the above positive results, the business community in general, especially SMEs, still face many difficulties and challenges, and many barriers and limitations to substantial and sustainable development.
The development process of Vietnamese SMEs is still young compared to other countries in the region and the world, and has not accumulated much in terms of: Capital, knowledge, technology and business experience. The scale of enterprises is small, with little capital (over 90% have a scale of less than 10 billion VND), outdated technology, low management level, unprofessional, and low capacity to mobilize and absorb capital.
Competitiveness, application of science and technology and innovation, green transformation, digital transformation are only concentrated in a few medium and large-sized enterprises. Most SMEs do not have original technology and do not have enough potential to digitize and green their business activities...
According to Deputy Minister Nguyen Duc Tam, the world is witnessing many major changes such as the emergence of new industries; policy changes of major economies leading to shifts in investment flows; adjustments in trade structures, increased tariff barriers; especially the risk of a global "trade war" is present.
“In the face of new development requirements, the business community in general and the SME sector in particular need to further promote their role and mission in the country’s socio-economic development. With the motto of the Party leading, the National Assembly deciding, the Government operating, and localities implementing, to promote SME breakthroughs in the new era,” Deputy Minister Nguyen Duc Tam emphasized.
The Ministry of Planning and Investment recommends that ministries, branches and localities uphold the spirit of a "constructive State", meaning that the State must perform well its role in creating an investment and business environment, building favorable, transparent, fair, stable and predictable policies and institutions, creating trust for businesses...
The business community in general, of which over 97% are SMEs, needs to make greater efforts, be more determined, and take more drastic actions to promote their roles and responsibilities in socio-economic development, pioneer in innovation, application of science and technology, focus on traditional growth drivers, promote new growth drivers such as: digital economy, green economy, circular economy, knowledge economy, sharing economy, combating climate change, etc.
Deputy Minister Nguyen Duc Tam also suggested that associations need to strengthen links between member enterprises, domestic and foreign enterprises, cooperate for mutual development; promote the role of representing member enterprises in policy advocacy, protecting members' rights in disputes; closely coordinate with central and local business support agencies to effectively develop and implement programs, policies and solutions to support enterprises.
Source: https://kontumtv.vn/tin-tuc/kinh-te/thuc-day-doanh-nghiep-nho-va-vua-but-pha-trong-ky-nguyen-moi
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