Project in support of female entrepreneurs launched

11:18 | 24/08/2017 Economy- Society

A project, aiming to improve the management skills of female entrepreneurs running small enterprises, was launched on August 23 by Tinh Thuong One Member Limited Liability Microfinance Institution (TYM) and Citi Foundation - a member of global bank Citi.

Delegates at the launching ceremony

As one among four projects in Vietnam receiving funding from Citi Foundation this year, the project will train some 200 women running small businesses in agriculture, handicraft and trading in five provinces, including Nam Dinh, Vinh Phuc, Thanh Hoa, Nghe An and Hung Yen.

The project, expected to not only help improve the economic power of women entrepreneurs but also generate jobs, will run until July, 2018.

The training programme will be developed by the Vietnam Women’s Academy, to cover skills such as marketing, human resource management, group work, decision making, financial management and business planning, in addition to case studies and real-life experience sharing.

According to Duong Thi Ngoc Linh, general director of TYM, improving corporate management skills for rural female entrepreneurs is important in order to help them start or expand their business.

Established in 1992, TYM provides microfinance for low-income households, especially those of poor and vulnerable women. TYM’s outstanding loans totaled over VND1 trillion (US$43.85 million) in 2016.

Theo NDO