Canada continues support for SMEs’ development in Tra Vinh
The Mekong Delta province of Tra Vinh will splash out over VND46.5 billion (US$2.04 million) on developing local small and medium enterprises (SMEs), with VND40.6 billion (US$1.78 million) coming from the non-refundable aid of the Canadian Government.
This year, the project will spend VND15 billion (US$660,000) on building and implementing plans to back local SMEs, VND10 billion (US$440,000) on building small-scale infrastructure for SMEs’ development and over VND6 billion (US$263,400) on building capacity to carry out support programmes.
 |
The remaining will be used for other activities related to environment, communications, supervision and evaluation.
During 2016-2017, the project disbursed more than VND55 billion (US$2.4 million) to support SMEs, VND6.5 billion, (US$285,000) of which was from the province’s corresponding funds and the rest was given by the Canadian Government.
The SME Tra Vinh project, carried out during 2014-2020, is sponsored by the Canadian Department of Foreign Affairs and International Trade with a total investment of 12.1 million CAD (US$9.8 million), with 11 million CAD being non-refundable aid.
As many as 200 enterprises and more than 194,000 residents in 22 rural communes of Tra Vinh have benefited from the project.
