Denmark supports private businesses

The Businesses Association in the southern province of An Giang on February 25 held a seminar on the implementation of a project called “The Global Competitiveness Facility for Vietnamese Enterprises” (GCF) for the period 2011-2013.

The project worth VND216 billion funded by the Danish International Development Agency (DANIDA) for the 2011-2013 period will be carried out in eight targeted provinces and cities, including Nghe An, Thanh Hoa, Khanh Hoa, Phu Yen, Lam Dong, Dak Lak, An Giang and Can Tho City.

Senior advisor Amarnath Reddy from the GCF told the seminar that the project will focus on agriculture, aquaculture, fisheries, handicrafts and tourism. It will also provide solutions to challenges faced by small businesses, household enterprises and farmers.

The project will offer new services not already available in the eight targeted provinces and improve the ability for several small producers to export.

During the first phase from 2006-2010, the GCF has provided VND135 billion to four provinces of Ha Tay (now part of Hanoi), Nghe An, Khanh Hoa and Lam Dong, helping to create jobs for 6,400 local people and provide vocational training for more than 8.100 others.

The GCF is designed to increase the competitiveness of non-State businesses in export-oriented business sectors in the targeted provinces through better access to relevant business services and exposure to innovative business models.

The GCF will help to reduce the financial risks that Vietnamese enterprises face and identify and introduce new technologies and business models, apart from access to new markets.- VOV

Tags: Vietnam Denmark cooperation