Italy Invests In Small And Medium Enterprises In Vietnam

Recently Ho Chi Ming City A meeting was held to announce the development plan of Italy sponsoring small and medium-sized enterprises, and the textile and garment processing companies will benefit from it.

The SME cluster development plan has been supported by the Italy government, and has been jointly coordinated by the United Nations Industrial Development Organization (UNIDO) and the planning investment department's enterprise development agency.

Francesco Russo, chief technology adviser of the program, said the 3 million euro project focused on improving Vietnamese enterprises through far-reaching technical assistance programs. Competitive power Concern about the main weaknesses of Vietnamese enterprises, such as design and marketing capabilities, product and processing development, technology, quality inspection, etc., as well as management and technical capabilities.

The objectives of the programme also include fostering business partnerships in enterprises and alliances in Vietnam and Italy.

Three industries, namely leather and footwear, clothing and textiles, wood processing and furniture, have been selected by UNIDO as the industry for the next two years to develop and promote industrial coordination.

Russo adds, "every one." Small and medium-sized enterprises All have the same weakness. That is, they lack enough resources to compete in the international market in terms of scale, skills, technology, R & D, marketing information and financing.

However, if SMEs can be integrated together and be collectively competitive, they can help SMEs participate in competition and integrate with the market. At present, they have not yet achieved such capability.

Design, quality, marketing and expertise constitute the advantages of SMEs in Italy. Discount rates and easy access to Asian markets are seen as advantages of Vietnam's SMEs. If the two strengths of small and medium-sized enterprises in Vietnam and Italy are combined together, they can improve their competitiveness in the international market.