December
13, 2017
To
develop small and medium enterprises in Myanmar, a “pragmatic approach” should
be used and encouragement should be given for the emergence of new businesses
focusing on export and innovation, said Vice-President U Myint Swe, Chairman of
the SMEs Development Work Committee. U Myint Swe made the comment at the
committee’s meeting 1/2017 held yesterday in the meeting hall of the Ministry
of Industry in Nay Pyi Taw.
Present
at the ceremony were the Vice-Chairman, Union Minister U Khin Maung Cho, and
committee members — Union Minister U Kyaw Win, Dr. Myo Aung, Chairman of the
Nay Pyi Taw Council, Chief Ministers of Regions and States, committee members,
professional experts, economists, Permanent Secretaries, departmental heads and
responsible officials.
“National
economic development includes 99 per cent of SMEs, which play an important role
as the main driving engine in upgrading national economic capability. Provided
that SMEs develop, employment, income and Union government’s tax revenue will
automatically develop. If so, inland currency flow will normally be running
smoothly. Out of 12 national economic policies, the second includes “to support
SMEs that will help acquisition of jobs and economic development.”
Accordingly,
the tasks of acquiring human resources, technical development, innovation,
monetary resources, infrastructure development, acquisition of markets,
reasonable tax collection and procedures and favourable economic environment
must be implemented by laying down the principles for the development of SMEs”,
Vice President U Myint Swe said.
“As
defined by SMEs Development Law, SMEs development central committee held its
1/2017 meeting on 1st March 2017, making 15 resolutions so as to effectively
support SMEs, servicing enterprises and trade. Decisions are now being
implemented. SMEs Central Committee has been formed with the President as
Chairman, the State Counsellor as Joint-Chairperson, Vice-Presidents as
Vice-Chairmen and 19 Union-level members, five from the private sector, 24
altogether. Out of SMEs Development Central Committee’s 11 responsibilities for
bringing about the development of SMEs in accord with the principles of article
6, SMEs Law, formation of steering committee and designation of duties,
assignment of duties to agency, fund management committee and other teams are
included in sub-section j and k.”
The
SMEs work committee was formed on 29th November in accord with the decision of
SMEs central committee under SMEs Law chapter 5, section 7, sub-section A. It
was composed of 40 members, with 32 from the government, including
Vice-President 1 as chairman, economists, intellectuals, and eight persons
knowledgeable about SMEs.
“Being
the first meeting of the work committee, discussions from respective sectors
are invited. Under section 8, 14 responsibilities were laid down. Our steering
committee needs to perform the tasks in a practical way in performing the development
of SMEs. It is very important to exploit monetary resources, human resources,
intellectual resources and regional resources. In market economy, building up
profit margin to survive for some period of time than building up profit margin
to reach the highest level is really sustainable development,” said the
Vice-President.
“In
performing SMEs development, there are major parts and subordinate parts,
concerning SME Development Framework. Major parts are related to low budget
deficit, stability of money exchange and interest rate. So, in bringing about
SME development, cooperation is needed between related departments and
organizations.”
Afterwards,
Union Minister U Khin Maung Cho, Union Minister U Kyaw Win and Deputy Minister
U Aung Htoo reported on plans for development of SMEs.
Chief
Ministers from regions and states also took part in the discussion, which ended
with concluding remarks by Vice President U Myint Swe.
Myanmar
News Agency
Ref;
The Global New Light of Myanmar
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