Lao NEWS on LNTV: SMEs in Laos and the government sector seek better ways for SMEs.4/12/2015

VO Representatives of small and medium sized enterprises in Laos and the government sector seek better ways for SMEs
INTRO: Representatives of small and medium sized enterprises in Laos and the government sector as a promotional advisor are now discussing the difficulties of procedures to access finance, aiming to minimise the obstacles for entrepreneurs.
STORY: The Small and Medium Enterprise (SME) Promotion Department under the Ministry of Industry and Commerce launched a discussion panel for financial providers and the SME sector, aiming to identify the exact difficulties.
In his opening remarks, Deputy Minister of Industry and Commerce, Siewsavath Savengseuksa, said the SME sector will be a frontier when it comes to business competition after Laos officially joins the Asean Economic Community. He said adding that, SMEs play a significant role in socio-economic development and also boost job recruitment, providing better living conditions and generating incomes for the people
As part of the government’s promotion priority, representatives of various public and private banks, financial institutes and other financial providers, and the SME sector are invited to meet at an executive consultation meeting.