The Singaporean Ministry of Foreign Affairs funded a weeklong training course on Developing Government Policies to Promote MSME Development for 19 Lao government officials from 8 to 12 October 2018.
The course, held at the Lao-Singapore Training Centre, was conducted by Mr Gan Teck Beng from GLOBALAB, Singapore.
This course provided an understanding of economic development, policy modelling and trade agreements that promote the SME sector.
In addition, the participants learned about Singapore’s best practices in fostering SME development; how growth opportunities are continuously engineered in times of challenges; reviewing SME regulations in an ever changing environment; addressing resource constraints and increasing access to finance through various channels of financial intermediaries.
The course was conducted pursuant to the Initiative for ASEAN Integration (IAI). Under the IAI, Singapore conducts 20 to 30 courses a year at the Lao-Singapore Training Centre, focusing on areas of public governance, finance, urban management, hospitality and tourism, civil aviation, as well as IT skills and the English Language.
About 600 Lao officials are trained each year and more than 13,000 Lao government officials have benefited from the Ministry’s various training programmes under the Singapore Cooperation Programme since 1993.
Source: Lao News Agency