Vietnamese, German parties hold dialogue on SMEs

Speaking at the opening ceremony, head of the Party Central Committee’s Commission for External Relations Hoang Binh Quan said the Vietnamese Party and State highly value SMEs, evidenced by the issuance of support policies and incentives. 

The 14th NA is discussing the promulgation of the Law on SMEs support, he said, adding that the dialogue is a good chance for mutual reference and learning. 

Vice President of the German parliament Edelgal Bulmahn, for her part, said SMEs are a driver of German economy as they account for 90 percent of the total. 

With three sessions, the dialogue focused its discussion on the significance of SMEs in the economy, experience in SMEs development, opportunities and challenges to SMEs, relevant policies and guidelines of each Party. 

Participants proposed practical measures for SMEs innovation in the new period. 

At the closing ceremony, both sides shared the view that discussions at the event provide them a source of reference for sustainable development and make practical contributions to the implementation of the Hanoi Joint Statement on the Vietnam-Germany strategic partnership issued in October 2011.