Elevating Vietnamese SMBs to the Fourth Industrial Revolution World

There are three main challenges that small and medium-sized enterprises in Việt Nam face with the advent of the fourth industrial revolution, a senior member of the US-ASEAN Business Council has said.

They are greater access to domestic and international markets to be a part of the global supply chain, access to technology and information communication tools, and access to finance, Michael Michalak, senior vice president of the council, told a workshop in HCM City on Monday, 23rd of Oct, 2017.

The workshop, organised by the Việt Nam Chamber of Commerce and Industry (VCCI) and the council, was meant to be a platform for SMEs, business groups and organisations to discuss opportunities and challenges for small firms in Việt Nam.

Trần Vĩnh Tuyến, deputy chairman of the HCM City People’s Committee, said though SMEs are the backbone of Việt Nam’s economy — with around 97 per cent of Vietnamese firms being small or medium-sized — they still face many challenges with respect to management, human resource training, commercialisation and adoption of new technologies.

Together with US-Asean Business Council member companies such as Google, Mastercard, Microsoft, Cisco, and Kimberly-Clark,.. Datamart shared our perspectives and expertises in utilization of e-commerce and digital tools to empower Vietnamese SMBs in face of the Fourth Industrial Revolution World (Industry 4.0).

(From left to right: US-ABC, Google, Microsoft, Cisco, Kimberly-Clark, Datamart)

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