Deputy PM: Vietnam wants to receive more support from ITC
Vietnam attaches importance to its cooperation with and wants to continue receiving more support from the International Trade Centre (ITC), said Deputy Prime Minister and Foreign Minister Pham Binh Minh while welcoming ITC Executive Director Arancha González in Ha Noi on February 27.
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Speaking highly of the centre’s assistance to Vietnam over the past years, Minh said he hopes the ITC will help form information channels to facilitate Vietnamese businesses’ access to market information make more effective business decisions as most of Vietnamese small- and medium-sized enterprises (SMEs), which account for 97 percent of the total number, find it difficult to approach information about the international market.
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| Deputy PM, Foreign Minister Pham Binh Minh receives Arancha González, ITC Executive Director. (Photo: Tuấn Anh) |
As integration helps Vietnam participate deeper in the global supply and value chains, a few local enterprises are competent enough to take part in these chains, Deputy PM Minh stated.
Therefore, he proposed the ITC give consultancy to help the Vietnamese Government build a strategy to support its enterprises in taking part in the chains.
Regarding the European Union-Vietnam Free Trade Agreement (EVFTA), Minh asked González and the ITC to back and raise voice to speed up the signing and ratification of the agreement and help improve Vietnam’s capacity so that the country could fully and effectively implement the deal’s commitments.
González said that her working visit from February 26-28 aims to learn about Vietnam’s demand and assist the country in realizing its development priorities.
With her experience and role, she pledged to help businesses in developing countries, including Vietnam, gain access to information, expand markets and participate deeper in the global value chain.
The ITC director also expressed her hope that parties will soon sign and ratify the EVFTA as it will bring practical benefits to the EU and its members through expanding and diversifying markets and connecting more closely with the Asian-Pacific and Southeast Asian regions.
Established in 1964, the ITC is the joint agency of the World Trade Organisation and the United Nations. It is the only development agency that is fully dedicated to supporting the internationalisation of SMEs.
| The International Trade Centre (Geneva, Switzerland), is a multilateral agency which has a joint mandate with the World Trade Organization (WTO) and the United Nations (UN) through the United Nations Conference on Trade and Development (UNCTAD). Through its work, the ITC contributes directly to 10 of the Sustainable Development Goals. These include SDG 1 (no poverty), Goal 2 (zero hunger), Goal 4 (Quality Education), Goal 5 (Gender Equality), Goal 8 (Decent Work and Economic Growth), Gaol 9 (Industry, innovation and infrastructure), Goal 10 (Reduced Inequalities), Goal 12 (Responsible Production and Consumption), Goal 16 (Peace, Justice and strong institutions), and Goal 17 (Partnerships for the Goals). Their staff consists of approximately 300 employees spanning more than 80 nationalities. Furthermore, ITC has country-based project offices where they employ experts from the specific region. |
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(Source: VNA)
