August 19, 2016

SME development key for growth, living standards: vice president

Vice President U Nyan Tun addresses speech at meeting to develop SME.—MNA

Nay Pyi Taw, 13 Aug — The government has placed a heavy emphasis on developing small and medium enterprises to boost national economic growth and enable the people to enjoy higher living standards, Vice President U Nyan Tun told a meeting here on Wednesday.
The Work Committee for Development of Small and Medium Enterprises had a meeting at the Ministry of Industry in the capital city of Nay Pyi Taw.
The government’s economic policies are designed to produce equitable development in all states and regions, with the vice president urging all stakeholders to make concerted efforts and seek ways to overcome barriers to SME growth by the time the ASEAN Economic Community (AEC) takes effect in late 2015.
The committee is now working in cooperation with international partners to acquire knowledge and experience, and develop human resources.
In connection with low-interest loans to SMEs, U Nyan Tun spoke of the government’s plans to get loans from international financial institutions.
The vice president said SMEs must establish links with universities, colleges and vocational schools to develop human resources, urging higher learning institutions to design curricula that encourage entrepreneurship.
Union Minister U Maung Myint gave a briefing on assistance provided to SMEs and efforts to create a better economic environment.—MNA


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