BEST PRACTICES

DESCRIPTION: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

DESCRIPTION: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.

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

DESCRIPTION: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

DESCRIPTION: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.

DESCRIPTION: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.

DESCRIPTION:Chinese Taipei shared their experience in promoting SMEs in GVCs through turning from manufacturers into solution providers in terms of recycling PET bottles to functional textile. Companies transformed PET into technical fibre and established their own brands of sporting goods which attached to environment-friendly products. A specific case study is the S.Café® series with the growth of 22% CAGR in 2009-2013 and co-brand with international firms.

DESCRIPTION:China introduced the Global SME Cross-border Matchmaking Service which was provided by the Bank of China. The purposes are to improve connection and communication for SMEs. Six steps concerning this service was introduced. Until now, in order to match make, workshops have been organized with 30,000 participants from 56 economies over 5 continents. In the future, China plans to strengthen ties with other economies to jointly stage matchmaking activities.

DESCRIPTION:Nanjing, the host city of the 21st APEC SME Ministerial Meeting, has been leading various efforts to empower SMEs innovative and sustainable growth. One of their main strategies was to set up Nanjing SME IT Adoption Service Center. Through the evolvement of the organization and its activities in the last several years, they have accumulated successful experiences on how to promote the use of ICT among SMEs and on how to improve the level of ICT adoption in manufacture-on-demand, e-commerce application, logistics and supply chain collaboration, business management and others.

DESCRIPTION:Guided by the Export Development Plan and overseen by the Export Development Council (EDC), a plan to promote exports was formulated and put in place with two prongs, i.e. to increase SMEs participating in export and to diversify both products and markets. Various programs were introduced to support SMEs Internationalization, e.g. supporting start-ups, export competitiveness and doing business in FTAs, etc.

DESCRIPTION:Hong Kong, China shared their experience in assisting SMEs’ access to the global markets. Through the work of the Hong Kong Trade Development Council, a trade promotion body, SMEs in Hong Kong, China were able to explore a world of business opportunities. In addition, different government finance support measures, export credit insurance and general support such as SME centres enhanced SMEs’ capabilities in engaging in global business.

DESCRIPTION:This project aims to provide a cross-border platform to modernize and facilitate SME’s participation in global value chains. Strong public-private partnership is the key making this project successful. Under this project, 5 serial O2O events has been held in Chinese Taipei, Viet Nam and Peru with the focus on the 4 main O2O innovation areas, namely, “Mobile Commerce”, “Sharing Economy”, “Collaborative Industry” and “NexGen Innovation”. An “APEC Guidebook on SME O2O” was published in November 2016.