APEC Online-to-Offline (O2O) Initiative: Enhancing SME Digital Competitiveness and Resilience Towards Quality Growth

The project is identified as one of the existing efforts undertaken by APEC in promoting digital economy. Five O2O serial events held in Malaysia, Chinese Taipei, Viet Nam and the Philippines in 2017, expected to establish an expert network, formulate the APEC SME digital resilience training guidebook, enhance SMEs’ capabilities to seize digital opportunities and well prepare for the challenges via cross fora collaboration.

Factoring As a Financing Mechanism for SMEs and MEs

Presentation on the financial instruments to promote SMEs credit. The presentation referred to factoring as a financing mechanism for SMEs, going through a quick reminder of what was the context of factoring in Peru, the bottlenecks found and current status. This review would lay the ground for the economy to explore the best practices and achievements in this specific area.

Thailand’s SMEs’ Single Bookkeeping Scheme

SMEs’ Single Book Keeping Scheme” is part of the Thai government's measures to strengthen SMEs access to finance with a single set of accounts and encourage them to comply with the tax laws. SMEs that have registered capital of no more than 5 million Baht and income of no more than 30 million Baht who have registered with the Revenue Department since 15 January, 2016, till 15 March, 2016, must inform the Revenue Department that they will open an account that shows their income and financial budget to be in line with the real business situation (single account). The Revenue Department will not inspect any retrospective tax even if it is tax of a juristic entity, VAT, business tax, or revenue stamp, so in order to have knowledge and understanding relating to the correct process of bookkeeping, as well as actually work and draft an appropriate investment plan for the business.

APEC Accelerator Network for Early-Stage Investment (SME 01 2014)

This project provided a mentorship-driven platform for start-ups to connect with the trusted partners and smart money in APEC. There were over 90 start-ups selected as finalists of APEC Challenge and secured totally over 50 million USD early-stage investments since 2013. The conclusion was that the next steps to further facilitate SME’s growth and access to regional and global market are: (i) to optimize the conducive innovation environment; (ii) to enhance digital competitiveness; and (iii) to capitalize on O2O opportunities for innovative start-ups and SMEs through PPP.

A Successful Case of Korean Government Policies Contributing to the Success of a Female Entrepreneur in the Chinese Market

Korean government’s presentation on SME support programs which contributed to the success of a female entrepreneur in the Chinese market. Her company faced with many difficulties when established and she decided to enter overseas markets in 2013. However, problems arose in that course, including lack of information, language barrier, and high cost of marketing. Then, in 2015, the company participated in a government assistance program named ‘Global Distribution Network Program’ that was jointly run by SMBA, Small and Medium Business Administration, and SBC, Small and medium Business Corporation. Thanks to that, the company was offered with opportunities to sell its products on a highest-rated home shopping network in China.

SMEs’ Role Model: Thailand Case Studies

Thailand presented the cooperation model between the Office of SMEs Promotion and the Stock Exchange of Thailand in identifying and incubating SMEs which have high potential to raise fund and be listed in the Market for Alternative Investment (MAI) or the stock market for SMEs. It highlighted two SMEs companies in non-hi-tech sector that had got access to MAI.

These two SMEs role models represent which rose from being micro enterprise to larger firms with international presence through the opportunity to raise fund in the stock market

New Era of Growth for APEC SMEs Through Online-to-Offline (O2O) Business Models (SME 02 2015)

In response to Leaders and Ministers’ instruction on promoting digital access for SMEs, the O2O initiative is designed with a 4-year framework and the 4 solid pillars to involve the private sector, international organizations such as ICC and OECD, other APEC fora and the SMEWG.

2016 APEC Business Ethics for SMEs Forum (SME 01 2015A)

The 3rd SME Business Ethics Forum was held in Lima, Peru on September 5-6 for three sectors: medical devices, biopharmaceutical, and construction-engineering.

APEC Workshop on Promoting SMEs’ Participation in the Food Supply Chain (SME 07 2015A)

Workshop held in Ha Noi, Viet Nam on 26 – 27 May 2016. Structured in 5 sessions: (i) Overview of SMEs’ participation in the Regional Food Supply Chains; (ii) Impediments to SMEs’ participation in the regional food supply chain; (iii) Critical issues and support for SMEs’ participation in the Food Supply Chain; (iv) Experiences in promoting SMEs’ efficient participation in the Regional Food Supply Chain; and (v) Case Studies of SMEs’ participation in the food supply chain

Promoting SMEs’ Voluntary Development: Experience of Japan

Japan introduced the experience gained from the effort involved in Japan’s general accounting standard for SMEs to share what they have done for the voluntary development of SMEs. Many SMEs in Japan are often not aware that the accounting processes are important for the company management. The ERIA survey 2015 found that this is a common situation in each economy.

As the government agency, Japan presented that it is significant to select the target in SMEs, to implement measures tailored to the stage rather than to equate all SMEs, to make SMEs interested in without pressing.