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


Must ReadView All

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

TEA urges Tamil Nadu govt to announce textile policy

The Tiruppur Exporters' Association (TEA) has urged the state...

Interviews View All

Md Hanifur Rahman
Aman Group

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

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X