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ASEAN adopted the Strategic Action Plan for SME Development 2016–2025 (SAP SMED 2025, or “Action Plan”) in November 2015 to enhance the competitiveness and resilience of micro, small and medium enterprises (MSMEs) and to enable greater benefits from ASEAN economic integration. This report summarises the main findings of the mid-term review of the SAP SMED 2025, covering the period from 2016 to 2020.
The SAP SMED 2025 envisions to, by 2025, create globally competitive, innovative and resilient MSMEs that are seamlessly integrated to the ASEAN Community, while pursuing inclusive development in the region. It focuses on five priority areas crucial for business growth, namely, promoting productivity, technology and innovation, increasing access to finance and market, enhancing policy and regulatory environment and promoting entrepreneurship and human capital development.
The Report is attached here.
