Canada continues support for SMEs’ development in Tra Vinh

09:04 | 03/02/2018 Cooperation

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

Fish processing in a seafood export SME in Tra Cu district, Tra Vinh province - Photo: VNA

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 (US$660,000) on building and implementing plans to back local SMEs, 10 billion VND (US$440,000) on building small-scale infrastructure for SMEs’ development and over 6 billion VND (US$263,400) on building capacity to carry out support programs.

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 (US$2.4 million) to support SMEs, 6.5 billion VND, (US$285,000) 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 (US$9.8 million), 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.

Theo VNA