India, Vietnam sign MoU to strengthen micro, small & medium enterprises

Tue 15 Jan 2013


India and Vietnam on Tuesday signed an MoU aimed at building capacity for developing institutional framework and identifying thrust areas and opportunities for micro, small and medium enterprises in this country. It was signed during the ongoing 4-day state visit of Vice President Hamid Ansari to Vietnam.

The MoU will focus on building capacity for developing policy and institutional framework through exchange of experts for the development of MSMEs, and conducting industrial surveys and feasibility studies to identify thrust areas and opportunities for development of MSMEs in Vietnam

It also envisages promotion of partnership projects and institutional cooperation between the two countries, organising exhibitions and trade fairs for marketing the products of MSMEs, exchange of business missions to initiate transfer of technology and business alliance, and providing training for improvement of managerial and technical skills for MSMEs.

A Joint Committee comprising representatives from the Ministry of Planning and Investment (Vietnam) and Ministry of Micro, Small and Medium Enterprises (India) would monitor the implementation of the MoU.

[source:ET]

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