SMBs urged to stay abreast with 4th Industrial Revolution era
(VOVWORLD) -The US-ASEAN Business Council and Hai Phong People’s Committee hosted a workshop titled "Elevating SMBs into Industrial Revolution 4.0 and Inclusive Global Value Chains" on Wednesday in Hai Phong city.
 The workshop "Elevating SMBs into Industrial Revolution 4.0 and Inclusive Global Value Chains" (Photo: haiphong.gov.vn) |
Participants called on owners of small and medium sized businesses (SMBs) to change their mindset to stay abreast with the 4th Industrial Revolution era. Dr. Vu Viet Ngoan, Head of the Prime Minister’s Economic Advisory Team, said Vietnamese SMEs need to strengthen confidence, transparency, and long-term connectivity with partners. Mr. Ngoan added: “Once the three problems are resolved plus the support of mechanisms and State policies, I hope that SMEs will enjoy a boom as expected by the government. A series of legal documents have been adopted to back SMEs, which are expected to be a growth momentum.”
The workshop focused on increasing SMBs' competitiveness to face the Industrial Revolution 4.0 era through utilization of digital tools, integration to the global value chain, and improved access to regional markets.