The agency is reviewing the organizational structure, functions and tasks of local industry promotion centers while proposing solutions to enhance local industry promotion activities and policies, and working with related units to plan the 2022 national industry promotion funding allocation. Inspecting and evaluating the implementation of industry promotion projects The Agency for Regional Industry and Trade acts as a bridge with localities to ensure that directives issued by the Ministry of Industry and Trade are strictly and effectively implemented. Last year, the agency closely coordinated with localities to implement the National Industry Promotion Program with a total budget of VND75.641 billion. The program encouraged rural industrial enterprises to modernize production technology gradually, creating products of greater value and competitiveness, which also helped local businesses stabilize production during the pandemic. The ARIT will continue providing … [Read more...] about MoIT agency plays leading role in industry and trade development
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Women in Southeast Asia’s low-income economies emerge as the world’s most resilient entrepreneurs
Women in Southeast Asia, such as the Philippines and Vietnam, have fared particularly well in making entrepreneurial progress, despite significant social-cultural and infrastructural barriers threatening to impede their growth. Lack of government SME support, poor access to entrepreneurial finances, and a severe lack of education opportunities remain the major constraints to advancing women’s entrepreneurship in Asia’s lower-middle-income economies. Encompassing 65 economies and 82.4% of the global female labor force, the fifth edition of Mastercard’s Index for Women Entrepreneurs (MIWE) examined women’s progress in the global entrepreneurship landscape over the last two years. The findings reveal that despite worldwide efforts to mitigate the pandemic’s effects, women have experienced considerable economic and social implications. As a result, the expected time to overcome the worldwide gender gap may be extended by another 36 years. Six economies from the Asia Pacific … [Read more...] about Women in Southeast Asia’s low-income economies emerge as the world’s most resilient entrepreneurs