HANOI, Aug. 25 (Xinhua) -- Vietnamese Prime Minister Le Minh Hung on Tuesday encouraged small- and medium-sized enterprises (SMEs) to become a strong foundation and a steady source for larger corporations, contributing to the country's pursuit of double-digit growth during 2026-2030, the Vietnam News Agency reported.
Addressing a ceremony marking the 20th anniversary of the Vietnam Association of Small and Medium Enterprises, Hung said the private sector must grow in scale, raise productivity, strengthen technological capacity and deepen participation in value chains, better serving the domestic market and expanding into international markets.
He called for a more business-friendly environment through the removal of overlapping and unnecessary regulations, streamlined administrative procedures and diversified resources for SMEs, especially capital, land and production space, said the report.
Hung also urged stronger support for SMEs in science, technology, innovation, digital transformation and green transition, as well as market expansion and trade promotion, while asking SMEs to upgrade their governance, productivity, financial transparency and competitiveness to grow in scale and reach global markets, the report added. ■