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Italy invests in Vietnamese SMEs
31
Jul '10
At a recently held conference at HCM City it was stated that, with Italy sponsoring Small- and Medium-sized Enterprises Development Programme, the textile and garment processing companies would benefit from the same.

SMEs Cluster Development Programme, jointly co-ordinated by the United Nations Industrial Development Organisation (UNIDO) and the Ministry of Planning and Investment's Enterprise Development Agency, is backed by the Italian Government.

As said by Francesco Russo, Chief Technical Advisor for the project, the 3 million Euro project focuses on improving the competitiveness of Vietnamese firms through far-reaching technical assistance programmes and by attending their prime weaknesses like designing and marketing capabilities, product and process development, technology, quality check as also, managerial and technical abilities.

The programme also is aimed at cultivating business relationships amongst Vietnamese and Italian enterprises and alliances, informed Russo during a conference organized to acquaint over 30 business enterprises regarding the project.

Three industries, namely, leather and footwear, garment and textile, and wood processing and furniture, have been picked by UNIDO for development and to boost industrial harmonization over the next two years' duration.

Russo also added that, every single SME has same weak points, viz. they lack adequate resource that enable them to compete in the international markets as regards scale, skills, technologies, R&D, marketing information and financing.

Nonetheless, if they all group together and can acquire collective competence, then it would aid them compete and connect with the markets, which are not within their reach at present.

Where design, quality, marketing and expertise constitute the strengths of SMEs in Italy, and discounted rates, easy access to Asian markets and its production strength are recognized to be the plus points of Vietnamese SMEs. Both, the Vietnamese and Italian SMEs, if they combine their respective matching strengths, could attain higher competitiveness in international markets.

Fibre2Fashion News Desk - India

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