Canada continues support for SMEs’ development in Tra Vinh hinh anh 1Fish processing in a seafood export SME in Tra Cu district, Tra Vinh province. (Photo: VNA)

Tra Vinh (VNA)
– The Mekong Delta province of Tra Vinh will splash out over 46.5 billion VND (2.04 million USD) on developing local small and medium enterprises (SMEs), with 40.6 billion VND (1.78 million USD) coming from the non-refundable aid of the Canadian Government.

The information was released at a meeting held on February 1 to carry out the 2018 plan of the SME Tra Vinh project.

This year, the project will spend 15 billion VND (660,000USD) on building and implementing plans to back local SMEs, 10 billion VND (440,000 USD) on building small-scale infrastructure for SMEs’ development and over 6 billion VND (263,400 USD) 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 55 billion VND (2.4 million USD) to support SMEs, 6.5 billion VND, (285,000 USD) 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 (9.8 million USD),  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.-VNA