The supply chains estimated at US$58 billion could be great potential for growth of Vietnam if being fully tapped. So the key issue would be whether Vietnamese SMEs could grasp this opportunity, said an expert.

The number of small enterprises upgrading to mid-sized and from mid-sized to large ones is very low, while the capital accumulation process among private companies has not been up to standard.

Such comparison suggests that the development of the banking sector may have been too rapid compared to the size of the economy.

With the growing impacts of the Covid-19 pandemic, local businesses rely on supportive measures from the local authority to cope with hardship.

The program, scheduled to take place at the Government Guest House in Hanoi, is part of the city's efforts to boost domestic consumption and exports.