Private enterprises have chances to gain access to Business Partnership Facility - Illustrative image (Source: Internet)

Hanoi (VNA) – The Belgian Directorate-General for Development Cooperation and Humanitarian Aid (DGD) has recently launched the Business Partnership Facility to support and develop the private sector involvement in Sustainable Development Goals (SDGs) in Vietnam and other developing countries, according to the Vietnamese Trade Office in Belgium.

The programme aims at creating and maintaining jobs, improving average income for families with low incomes, accessing affordable goods and services for low-income earners, and developing projects which have positive impact on the environment through saving resources, reducing emissions and by preserving biodiversity.

Each applicant must be part of a partnership that brings together actors from the private sector, civil society, academia and/or the public sector. The partnership must comprise at least one organisation from the for-profit private sector.

The projects should be planned for a period of 5 years. Funding of up to 200,000 EUR (225,300 USD) is available for each project selected.-VNA