Does it mean Vietnamese enterprises have not employed all opportunities the WTO brings in?
Personally, this is partially attributed to the tradition as well as the intention of Vietnamese enterprises. At the same time, business management agencies and policymakers fail to track the development of the business environment in the integration process. Meanwhile, business associations fail to promote their roles.
Apart from the gap in business size and development level of Vietnamese enterprises, giant business entities have increasingly cooperated with each other recently. Small business entities only have small partners. Do you think this gap will decrease development opportunities for small and medium enterprises?
I don't think so. The integration process in the initial phase is a playing ground for giant companies, not SMEs, because only they have sufficient conditions and capacity to extend business to other nations.
In the so-called flat world, geography and information are not obstacles. The goals of leading firms in the world are to maximise profits and minimize costs. They see the world as a common market.
As a result, giant firms will partner with giant ones. This is why SMEs do not enjoy as many opportunities as giant ones. However, integration in the second phase is the playing field of SMEs.
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Vietnam Chamber of Commerce and Industry
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