U.S. and Viet Nam Business Communities Extend Commitment to Support Viet Nam's Agenda in Integrating SMBs into Industry 4.0 and Global Value Chains

(Hai Phong) - On November 21, more than 200 multi-industry Small and Medium-sized Business (SMBs) owners and executives from Hai Phong and neighboring cities participated in a one-day SMB workshop titled “Elevating SMBs into Industrial Revolution 4.0 and Inclusive Global Value Chains”.

The workshop is a joint initiative between the US-ASEAN Business Council, the Hai Phong People’s Committee, and the Viet Nam Chamber of Commerce and Industry (VCCI). It was officially opened by the U.S. Ambassador to Viet Nam, The Honorable Daniel Kritenbrink; the Vice Chairman of Hai Phong People’s Committee, Mr. Le Khac Nam; the Deputy Director General of General Department of Viet Nam Customs, Mr. Mai Xuan Thanh; and the US-ABC Senior Vice President and Regional Managing Director, Ambassador Michael W. Michalak.
 

“We are pleased that this workshop has further showcased the commitment of both the U.S. and Viet Nam business communities in support of the Viet Nam government’s agenda to boost small businesses’ competitiveness in the context of Industry 4.0 and Global Value Chains”, said Ambassador Michael W. Michalak. “The overarching message of this engagement is that we hope to encourage small businesses to further embrace and fully capitalize on the latest technological advancements and integrated regional market opportunities offered by this global phenomenon.”

The workshop provided SMBs with knowledge sharing sessions on the challenges and opportunities to become an integral part of the Industrial Revolution 4.0, Global Value Chains (GVC), and regional e-commerce markets. These sessions featured distinguished speakers from government and private sectors, such as the Chairman of the Prime Minister Economic Advisory Team (PMEAT), Dr. Vu Viet Ngoan; the Deputy Director General of Viet Nam Customs, Mr. Mai Xuan Thanh; the Vice Chairman of Hai Phong City People’s Committee, Mr. Le Khac Nam; and senior executives from Cisco, Coca-Cola, Microsoft, FedEx, and VISA. 

"Digitization is enabling SMBs across ASEAN to participate in cross-border trade, allowing them to grow and scale their businesses while reducing costs. However, SMBs are at varying stages of maturity regarding digital adoption, and not all can dedicate resources to ICT developments. Therefore, more support from governments and corporations is vital to develop an inclusive digital economy. We at Cisco are excited to be US-ABC’s main partner for creating digital ecosystems across the region for SMBs.", said Bidhan Roy, Managing Director of SMB Markets & Distribution of Cisco Systems (USA) Pte Ltd.

Today’s workshop extends the Council’s commitment to empowering ASEAN SMBs. In the region, the US-ABC has run these SMB capacity building programs since 2011 in all major cities of the 10 ASEAN countries, benefitting more than 6,600 entrepreneurs. In 2016, US-ABC launched the ASEAN SMB Academy (www.asean-sme-academy.org), an official ASEAN online learning tool for SMBs, offering free courses and resources from US-ABC member companies. Sectors covered by these programs include the use of modern Information and Communication Technology (ICT) tools, use of electronic payment system, marketing, logistics, and promotion of women entrepreneurship.

For inquiries related to this workshop and other US-ABC’s SMB activities, please contact Vinsensius Kangen at vkangen@usasean.org.

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For more than 30 years, the US-ASEAN Business Council has been the premier advocacy organization for US corporations operating within the dynamic Association of Southeast Asian Nations (ASEAN). Worldwide, the Council's 150+ membership generates over $6 trillion in revenue and employ more than 13 million people. Members include the largest US companies conducting business in ASEAN, and range from newcomers to the region to companies that have been working in Southeast Asia for over 100 years. The Council has offices in: Washington, DC; New York, NY; Bangkok, Thailand; Hanoi, Vietnam; Jakarta, Indonesia; Kuala Lumpur, Malaysia; Manila, Philippines; and Singapore.