Home / Knowledge / News / Apparel/Garments / Italy invests in Vietnamese SMEs
Italy invests in Vietnamese SMEs
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

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search