Vietnam’s SMEs to face regional competition

Small and medium-sized enterprises in Vietnam have paid little attention to the nearing formation of the ASEAN Economic Community (AEC), while larger companies with a “national brand name” are actively preparing for the regional integration process.

Le Thanh Hai, the deputy manager of the Viet Nam Chamber of Commerce and Industry’s Enterprise Development Foundation, said in mid-November that many enterprises were still little interested in the AEC, as polled by Vietnam News just a month and a half before the community is established by this year-end.

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