Asean Secretary General S Opinion On Empowering Asean Msmes To Embrace
![](https://i0.wp.com/sicepat.com/images/image-not-found.png)
Asean must collaborate to support and nurture more msmes, unlocking their potential for sustainable economic growth while conserving the environment. addressing challenges in financing and technology will further empower msmes and contribute to a more resilient and prosperous asean economy. to download asean for business monthly bulletin on. Msmes in circular economy: an economic imperative. deeply rooted as part of local society, msmes are frequently regarded as vital enablers of socio economic development. in asean, msmes account for 85% of employment and 44.8% of the region’s gdp. they provide primary sources of income and livelihoods for a significant number of individuals.
![](https://i0.wp.com/sicepat.com/images/image-not-found.png)
As we celebrate united nation’s msme day on june 27 in recognition of the tremendous contributions of micro, small and medium sized enterprises (msmes) to the achievement of the united nations sustainable development goals (sdgs), bambuhay’s story is a remarkable example of how msmes can play a significant role in transforming asean towards. Empowering asean msmes to embrace circular economy 2023 07 07 by dr. kao kim hourn, secretary general of the association of southeast asian nations (asean) evertheless the transformation of msmes is not without challenges. shifting in business approach and mindset of msmes could be one of the first and foremost obstacles. Most msmes often struggle with limited capital and constrained budgets. with the scarcity of resources available at their disposal, it becomes even more critical for msmes to embrace circularity in ensuring their survival. therein lies the need to facilitate and support their adoption of sustainability practices which in the end, will benefit all. In asean, msmes account for 85% of employment and 44.8% of the region’s gdp. they provide primary sources of income and livelihoods for a significant number of individuals and households. through partnerships with other local businesses, msmes are an integral part of the value chain, enabling access to a variety of products for their.
Comments are closed.