SMEs Encouraged to Join Value Chains
To increase competitiveness SMEs are urged to join global value chains. According to the article, lack of quality supplier-buyer relations with multinationals is hindering SMEs access to electronics global value chains.
A World Bank report says only 300 Vietnamese firms are completely eligible to connect with the world’s production chains.
Increased relations would help lower costs for multinationals in Việt Nam to source locally and increase SME growth in the country, according to Dương Thị Kim Liên, deputy director of USAID Việt Nam Linkages for Small- and Medium-sized Enterprises (LinkSME) programme.