Ho Chi Minh City – The U.S. Agency for International Development (USAID) and U.S.-ASEAN Business Council launched the U.S. – ASEAN Business Alliance for SMEs on March 4, 2014. The Business Alliance mobilizes resources of major U.S. corporations and USAID, particularly the ASEAN Trade and Investment Connectivity (ACTI) project to support the efforts to make ASEAN SMEs more competitive and to take advantage of opportunities offered by the AEC. It also supports the efforts of high-performance SMEs to become regional business leaders and world-class suppliers in the global value chains in thei own right.
A component of the framework on U.S. – ASEAN Business Alliance for Competitive SMEs focuses on providing information, and training and mentoring services on regional and global best practices. These aim to build capacity among ASEAN SMEs to participate in inter-firm linkages and strategic supplier partnerships and, opportunities permitting, to integrate into the U.S., and the regional and global supply chains.
As part of the capacity building efforts, the Business Alliance will conduct a series of workshop in 2014. In collaboration under the U.S. – ASEAN Business Alliance for SMEs, UPS and ACTI organized the first in a series of training workshops on “Integrating into Global Supply Chains: Improving Access to Regional and International Markets for Vietnamese Businesses,” in Ho Chi Minh City on April 22, 2014. The main objective of this first workshop is to transfer broad-based knowledge and skills from multinational companies (MNCs) to SMEs on various areas such as e-commerce, exporting to global markets, and best practices for global suppliers.