SMEs believe in decisive role for national development

08:15 AM @ Wednesday - 29 September, 2010
A majority of Vietnam’s small- and medium-sized enterprises (SMEs)believed in their decisive role for the future of the national economyas well as were their business development prospects.

The result was indicated in an annual survey on Asia’s businesssituation conducted by the world’s leading transportation group UPScalled Asia Business Monitor (ABM) which was announced on September 29.

The 2010 ABM was conducted on around 1,350leaders of SMEs from 13 countries and territories, including Australia ,China , Hong Kong , India , Indonesia , Japan , the Republic ofKorea , Malaysia , the Philippines , Singapore , Taiwan , Thailandand Vietnam . This was the first time Vietnam took part in thesurvey.

According to the survey, 59 percent ofVietnamese SMEs showed their optimism about further development of theAsia-Pacific economy, 9 percent said the regional economy sees adownward trend and the remaining 32 percent said it will remainunchanged.

Vietnam was the second optimisticmarket in the region in business development prospect in 2010 with 72percent of interviewed businesses saying their companies will reapbetter results this year. Indian businesses are the most optimisticabout this prospect with 85 percent.

Althoughnine out of ten Vietnamese SMEs pay attention to business activities inthe Asia-Pacific market, they also expect their growths in otherregions. Eighty-one percent of surveyed businesses forecast thatVietnam ’s business activities will increase 61 percent in NorthAmerican and 60 percent in Europe .

Fifty-eightpercent of Vietnamese SMEs said international business has positiveimpacts and opens up new opportunities for their operations. They addedthat architecture-construction, information technology and tourism willbe key sectors in 2010.

Although the nationaleconomy is forecast to keep growing this year, Vietnamese businesses arefacing a lot of challenges, particularly, high credit interest rate andcompetitiveness pressure.

Vietnam’s SMEs said the government’s supportive polices are very necessary for them to improve their competitiveness./.

(Source: en.vietnamplus.vn)
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