MSMEs exhibitions to be held in regions, states

 February 19, 2018

To assess the quality of products of micro, small and medium enterprises nationwide, region and state governments are urged to exhibit local products of micro, small and medium enterprises-MSMEs products in respective regions.

“Following the exhibitions in nine regions and states, Nay Pyi Taw will host the national level exhibition,” said Vice President U Myint Swe, at the meeting No. 1/2018 of the Small and Medium Enterprises Development Committee in Nay Pyi Taw yesterday.

The first MSMEs regional competition will be held in Mandalay Region from 23 to 25 February.

To gain balanced growth, MSMEs are required to cooperate more with each other at regional and national level, he said.

The Vice President also urged the local authorities and small and medium enterprises to formulate detailed schedules for target line, action line and timeline for promoting their products.

In accordance with the ASEAN Strategic Action Plan for SME Development ASEAN SAP SMED 2016-2025 plan, Myanmar is also working for growth of the country’s SMEs.

He said the committee has to work hard with the central committee’s guidelines for sustainable development of the 99 per cent of the SMEs across the country. He said a holistic way of viewing is needed when addressing the challenges and obstacles SMEs in Myanmar are facing so that solutions may be found. The Vice President said an announcement was sent on 19 January to the Nay Pyi Taw Council, the various regions and states, and self-administered Division and zones to send feedback on forming their own local SME Development Agency. These local agencies are urged to be formed with 7 to 11 members.

National Socialization Seminar aiming to develop micro, small and medium enterprises will be held in Myanmar at the end of 2018. Besides, Myanmar will host the sixth ASEAN MSMEs committee meeting and related meetings in October 2018. The meeting No. 1/2018 of the Small and Medium Enterprises Development Committee was attended by Union Minister for Industry U Khin Maung Cho, Union Minister for Planning and Finance U Kyaw Win, Union Minister for Commerce Dr. Than Myint, Chairman of Nay Pyi Taw Council Dr. Myo Aung, region and state chief ministers and deputy ministers economists.

Myanmar News Agency

Ref; The Global New Light of Myanmar