SMEs which comprise over 80 per cent of the industries in Vietnam, are today struggling for their ‘identity’. Team AO meets VITAS officials and discusses initiatives taken by them for their upliftment. “Continual training and investment in machinery are the only ways to keep growing,” says Chief Representative of More UK Ltd.
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The garment sector has always been one of the most significant contributors to Vietnam’s fast growing export-oriented economy – representing more than 15 per cent of the nation’s total GDP and 18 per cent of its exports. In spite of the data provided by the General Department of Vietnam Customs favouring exports of computers, electronic products and components by US $ 8.4 billion by May 2017, over US $ 5.6 billion last year, Vietnam’s garment business is fully geared to overcome the challenge. 更多