Vietnamese goods face hurdles in finding modern distribution channels
- Mid-term Vietnam Business Forum opens in Hanoi
- Imports driving Vietnam cattle farmers out of business
- Businesses advised to use legal software to reduce cyberattacks
Le Viet Nga, deputy head of the Ministry of Industry and Trade (MoIT)'s Domestic Market Department, said the MoIT project to develop the local market and connect supply and demand have helped local enterprises strengthen the presence of their products in modern distribution channels.
In addition, the Law on Support for Small and Medium-sized enterprises (SMEs) has been submitted to the National Assembly, which helps SMEs operating in the country to grow and catch up with Vietnam’s process of deeper integration into the world economy, said Ms. Nga.
Ms Nga emphasized the need to seek solutions for SMEs to survive in the context of fierce competition with multinational businesses that have strengths of technology, management skills and capital sources.