APEC adopts Support Industry Initiative
![]() |
Mac Quoc Anh, Vice Chairman and General Secretary of the Hanoi Small and Medium Enterprises Association, underscored the importance of the initiative because 97% of Vietnamese businesses are small and medium-sized enterprises (SMEs).
He said supporting SMEs is a necessary task, saying that they create jobs, value, and stability while State-owned enterprises attract as much as 80% of domestic capital but create a mere 20% of value.
Luong Hoang Thai, head of the Ministry of Industry and Trade’s Multilateral Trade Policy Department, described the development of the support industry as a strategic choice of APEC member economies.
He added that one of the pillars of APEC Year 2017 is creating a driving force for its member economies to further integrate into the regional and global supply, manufacturing and value chain while promoting support industries and services.
Related News

Vietnam, Korea Customs sign AEO MRA
11:07 | 26/12/2024 Customs

Prioritizing semiconductor workforce training
09:16 | 15/12/2024 Headlines

Vietnam-Cambodia: Looking back on journey of cooperation
14:45 | 11/12/2024 Customs

Vietnam-China e-commerce: A perspective from Lang Son border
13:39 | 06/12/2024 Headlines
Latest News

Việt Nam commits to being safe, attractive destination for investors
09:47 | 13/02/2025 Headlines

Minister of Planning and Investment outlines six strategies to boost Việt Nam’s private sector
14:41 | 10/02/2025 Headlines

Positive economy growth forecast in 2025, but caution remains
08:24 | 10/02/2025 Headlines

Labour market to see changes in key industries
15:31 | 07/02/2025 Headlines
More News

Prime Minister warns of possible global trade war, pushes for preparation
14:13 | 06/02/2025 Headlines

Positive economic indicators recorded in early 2025: Gov't spokesperson
14:10 | 06/02/2025 Headlines

General Secretary urges immediate return to work after Tết
14:07 | 05/02/2025 Headlines

Government holds gathering to celebrate Party’s 95th anniversary, Lunar New Year
07:54 | 04/02/2025 Headlines

Việt Nam’s manufacturing PMI slips into contraction in January
14:29 | 03/02/2025 Headlines

Party’s 95-year journey: Capitalising on great solidarity in era of nation’s rise
14:26 | 03/02/2025 Headlines

Great opportunities for cooperation with Việt Nam in 2025: Malaysian Ambassador
19:08 | 01/02/2025 Headlines

Structural reform, innovation to drive Việt Nam's sustainable development: EuroCham chair
21:02 | 31/01/2025 Headlines

At threshold of a new era: Vietnam accelerates toward breakthroughs
20:56 | 31/01/2025 Headlines
Your care

Việt Nam commits to being safe, attractive destination for investors
09:47 | 13/02/2025 Headlines

Minister of Planning and Investment outlines six strategies to boost Việt Nam’s private sector
14:41 | 10/02/2025 Headlines

Positive economy growth forecast in 2025, but caution remains
08:24 | 10/02/2025 Headlines

Labour market to see changes in key industries
15:31 | 07/02/2025 Headlines

Prime Minister warns of possible global trade war, pushes for preparation
14:13 | 06/02/2025 Headlines