ADB: MSMEs key to post-COVID-19 recovery in Southeast Asia


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Wednesday, August 19, 2020 08:35 Illustrative image (Photo: Hanoi (VNA) – A new report from the Asian Development Bank (ADB) shows that strengthening the dynamics of micro, small, and medium-sized enterprises (MSMEs) with innovation and internationalization will be key to revitalizing Southeast Asian economies devastated by the coronavirus disease (COVID-19) pandemic. The bank’s Asia Small and Medium-Sized Enterprise Monitor (ASM) 2020 said MSMEs are a critical driving force in Southeast Asian economies, accounting for an average of 97 percent of all enterprises and 69 percent of the national labor force from 2010 to 2019. They contributed an average of...