A business incubation model was established in the Mekong Delta province of Soc Trang in mid-April.

The initiative aims to build a "new" generation of enterprises to fuel international integration and actively contribute to local social economic development.

Funded by the Canadian government, the programme is a key activity of the province's development plan for small-and medium-sized enterprises (SMEs). The model is expected to help new enterprises or individuals overcome initial challenges in starting businesses in the province.

Director of the provincial Department of Planning and Investment Mai Phuoc Hung said most start-ups face difficulties such as a lack of strategic orientation, underperforming administrative competency and low trade promotion and connectivity skills.-VNA