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

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Textiles | On 20th Apr 2018

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Vietnam earned $7.339 billion from textile and garment exports in the ...

Uganda yet to exploit AGOA benefits: US envoy Malac

Apparel/Garments | On 20th Apr 2018

Uganda yet to exploit AGOA benefits: US envoy Malac

Uganda is yet to take full advantage of the Africa Growth and...

Courtesy: KBR, Inc

Textiles | On 20th Apr 2018

KBR completes KPIC’s ethylene plant revamp project

KBR, Inc. has successfully completed the ethylene plant revamp...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Urmil Arya

Sushila International, a well established textile organisation established ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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

Leave your Comments


April 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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

Yes No

Active Poll

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

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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

Yes No

Active Poll

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

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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

Active Poll

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

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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