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India, Vietnam sign MoU on micro, small and medium enterprises

India, Vietnam sign MoU on micro, small and medium enterprisesHanoi, Jan 15 : India and Vietnam today signed an Memorandum of Understanding (MoU) on cooperation in the field of micro, small and medium enterprises.

The MoU was signed here between the Ministry of Planning and Investments of Vietnam and Ministry of Micro, Small and Medium Enterprises (MSMEs) of India during the ongoing state visit of Vice President Mohammad Hamid Ansari to Vietnam.

The pact was inked by Dao Quang Thu, Vice Minister of Planning and Investment, Vietnam and Ranjit Rae, Ambassador of India in Vietnam.

The MoU will focus on building capacity for developing policy and institutional frame work through exchange of experts for the development of MSMEs, conducting industrial surveys and feasibility studies to identify thrust areas and opportunities for development of MSMEs in Vietnam and promoting partnership projects and institutional cooperation between the two countries.

It will also focus on organizing exhibitions and trade fairs for marketing the products of MSMEs, exchange of business missions to initiate transfer of technology and business alliance, and providing training for improvement of managerial and technical skills for MSMEs.

A joint committee comprising representatives from the ministry of planning and investment (Vietnam) and ministry of micro, small and medium enterprises (India) will monitor the implementation of the MoU. (ANI)