National Trade Blueprint

32 National Trade Blueprint 8 Strategic Thrusts Objective / Pain points Increasing uptake of Vendor Development Programmes (VDP). Key Stakeholders: MITI & MEDAC (Joint Lead), MIDA, MATRADE, industry players and associations Implementation timeline : Medium-term (continuous efforts) Action plans 1. Provide assistance for anchor companies a) Working together with chambers of commerce and industry associations to perform due diligence on member companies and shortlist a pool of vendors that can supply to anchor companies. b) Creation of a database to include these vendors. c) Promotion for the usage of the database towards business linkage exposure. 2. Provide assistance for vendors a) Develop initiatives that support vendors, including financial support, capacity building, training, workshops, consultation, etc. b) Follow up and monitor the progress of vendors after matchmaking in order to provide relevant assistance. 3. Continue to provide incentives to encourage VDP a) Encourage MNCs in Malaysia to source locally. b) Continued promotion of available incentives for anchor companies, including product development, capacity improvement, human capital development, etc. c) Provide direct assistance for SME upgrading. 4. Increase priority for VDPs a) Prioritise local sourcing and VDPs in the planning phase of upcoming government projects. b) GLCs to give priority to local companies before considering outsourcing abroad. c) Business matching activities to be extended to areas that have less VDP exposure to foster equitable growth. Objective / Pain points Maximise the potential by enhancing existing export readiness assessment tools. Key Stakeholders: MITI/MATRADE (Lead) Implementation timeline: Short-term Action plans 1. Tailor Readiness Assessment (RA) results to the respective assistance available from various government agencies a) Integrate the readiness assessment tool with self-help or training modules to provide guidance on improving exporters’ readiness, based on results from the assessment. 2. Leverage on a dashboard to monitor the profile of exporters by its readiness a) Develop and integrate a dashboard with the readiness assessment tool to facilitate the monitoring of improvement progress. 3. Expand the coverage of the tool in the long run a) Further development of the tool can take the direction of a more customised assessment. b) The tool can be updated to reflect latest business environments and available government offerings. c) Readiness assessment ratings can be tailored to provide more detailed suggestions on areas of improvement for selected markets. Encourage partnership between SMEs and anchor companies through vendor development programmes 2.2 Optimise the export readiness assessment tools to provide targeted assistance 2.3 Uplifting Export Capacity and Capabilities Thrust 2: