Tag: SMEs
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Why SMEs in Southeast Asia Are Thriving
Small and Medium Enterprises (SMEs) are the backbone of Southeast Asia’s economy: driving innovation, job creation, and regional trade. With digital transformation and a booming consumer market, now is the perfect time to think about investing in the Southeast Asian Markets! Southeast Asia’s SME sector is flourishing, making up 97% of businesses and employing 67%…
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Challenges and Barriers to SMEs in Vietnam
SMEs play a very important role in the economy of Vietnam, representing more than 97% of the total number of enterprises. According to the World Bank report in 2023, such companies create about 36% of job opportunities and comprise about 40% of GDP. While SMEs play an important role in increasing economic growth, many challenges…