Society

USAID helps improve small Vietnamese companies’ capacity

The Ministry of Planning and Investment and the US Agency for International Development (USAID) on April 15 signed a financial support agreement worth 42 million USD aiming to help improve the capacity of small and growing businesses in Vietnam.
USAID helps improve small Vietnamese companies’ capacity ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – TheMinistry of Planning and Investment and the USAgency for International Development (USAID) on April 15 signed a financialsupport  agreement worth 42 million USDaiming to help improve the capacity of small and growing businesses in Vietnam.

Accordingly, businesses, including those owned by people from vulnerable groups,will be helped to access technology, giving them a better capital managementability and improving competitiveness.

The agreement is expectedto further promote entrepreneurship, and deepen connections between Vietnamesestartups with corporations, investment funds and other supporting organizationsin the international startup and innovation ecosystem.

It will also contribute to promoting development of high-quality humanresources, which is necessary for a strong knowledge-based economy.

US Ambassador to Vietnam Daniel J. Kritenbrink stressed that the agreement representsthe continued commitment of the US government to support Vietnam’s efforts on thepath to becoming a more open, innovative and inclusive economy./.
VNA
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