Accompanying small and medium enterprises on the integration journey

Over the past years, Phu Tho province has gradually affirmed its position as an attractive destination for the business community, especially small and medium enterprises (SMEs). In the context of globalization and increasingly deep international integration, the province has implemented many practical solutions to create a favorable environment for business development. This is also a step to concretize the spirit of Resolution No. 68-NQ/TW dated May 4, 2025 of the Politburo on private economic development, becoming an important driving force of the socialist-oriented market economy.

Pavana Technology Joint Stock Company (Thang Long Industrial Park , Vinh Phuc ) was established in 2021 with a capacity of 6 million products/year. Currently, the company is one of the leading units in the field of research, development and production of smart cameras in Vietnam and integrates IoT FDO security technology developed by VinCSS, contributing to improving network security standards for smart devices "Make in Vietnam".

Mr. Nguyen Trung Kien, General Director of the company said: In the context of digital transformation and modernization of security infrastructure taking place strongly, camera lines applying artificial intelligence (AI) are gradually becoming indispensable devices in modern security infrastructure. In order to meet the diverse needs of domestic and foreign markets, Pavana constantly invests in research and development, launching many product lines serving from households, businesses to public infrastructure systems. Currently, most of Pavana's products are exported to major markets such as the United States and Europe.

Pavana Technology Joint Stock Company develops many lines of smart cameras for households and businesses.

Up to now, the whole province has more than 37,500 operating enterprises, of which more than 95% are small and medium enterprises. In recent times, the province has issued many support policies to help SMEs overcome difficulties, promote innovation and expand markets. From simplifying administrative procedures, building e-government, to establishing startup support centers and trade promotion - Phu Tho is constantly improving service quality, building trust with the business community.

Following the direction of Resolution No. 68-NQ/TW, which emphasizes "creating the most favorable conditions for private economic development, especially SMEs", Phu Tho province has been implementing many synchronous support programs: Support access to preferential loans, legal advice, improving management capacity, promoting digital transformation and application of science and technology in production and business.

Specifically, the Provincial Center for Industrial Promotion and Trade Development has coordinated with training institutions to organize dozens of training courses on business administration, digital marketing and brand building. In addition, the Vinh Phuc Credit Guarantee Fund, since 2007, has issued more than 410 guarantees for over 200 businesses, with cumulative turnover reaching more than 900 billion VND, contributing to solving the capital problem for SMEs.

Not only focusing on developing internal resources, the province also proactively expands cooperation and regional linkages, creating conditions for SMEs to participate deeply in the value chain and access international markets. In 2025, Phu Tho organized many forums connecting businesses with domestic and foreign partners, especially in potential markets such as Japan, Korea, and the EU.

Faced with the inevitable trend of digital transformation, the province encourages businesses to boldly invest in technology, apply digital platforms in management, marketing and product distribution. Models such as local e-commerce platforms, digital business connection platforms... are opening up great opportunities for SMEs to expand their markets, overcome geographical barriers and improve competitiveness.

With its strategic intermediary role in the Lao Cai - Hanoi - Hai Phong - Quang Ninh Economic Corridor, Phu Tho province is promoting investment in transport and logistics infrastructure, expanding industrial parks and high-tech zones. These efforts not only attract investment but also help SMEs participate deeply in the global supply chain.

Thanks to the synchronous and effective implementation of solutions to support businesses, in the first 8 months of 2025, Phu Tho rose to the 4th position in the country in terms of export turnover with a total value of 23.09 billion USD. Along with that, the province recorded nearly 3,420 newly established enterprises, an increase of 62.9% over the same period, with a total registered capital of more than 30 trillion VND; at the same time, 770 more enterprises returned to operation, showing positive signs of recovery of the business community.

In the 2025-2030 period, the province identified three strategic breakthroughs to elevate the SME sector, including: Developing high-quality human resources; promoting technology application; and strongly reforming the investment and business environment.

Along with the full and timely implementation of the Central Government's policies, the province also builds specific mechanisms to support SMEs, innovative start-ups and supporting industry enterprises in a practical, effective and transparent manner. Promote the application of electronic transactions in the land sector, provide online public services throughout the process, and strive to shorten at least 30% of the time to carry out procedures for land lease and issuance of land use right certificates for enterprises.

Speaking at the Vietnam Private Economic Forum 2025 - Northwest Cluster, Vice Chairman of the Provincial People's Committee Nguyen Khac Hieu affirmed: "With its potential, available advantages and new development space, Phu Tho wishes to attract more large enterprises and investors, especially in high-tech and environmentally friendly fields." The province aims to have more than 45,000 operating enterprises by 2030, with an average GRDP growth rate of the private economic sector reaching 12% or more.

Van Cuong

Source: https://baophutho.vn/dong-hanh-cung-doanh-nghiep-nho-va-vua-tren-hanh-trinh-hoi-nhap-239973.htm