Trà Vinh to spend VNĐ10 billion on SMEs

June 23, 2018 - 16:00

The Mekong Delta province of Trà Vinh will spend nearly 10 billion (430,000USD) to help local firms improve the quality of key products from now to 2020.

Viet Nam News

TRÀ VINH — The Mekong Delta province of Trà Vinh will spend nearly VNĐ10 billion (US$430,000) to help local firms improve the quality of key products from now to 2020.

The province will provide capital to companies to improve product quality, productivity and standards, Nguyễn Trung Hoàng, vice chairman of province’s People’s Committee, said.

Local authorities will also help small- and medium-sized enterprises (SMEs) apply management models and local technical standards, as well as build websites.

They will also help enterprises register their brands both domestically and internationally, Hoàng said.

Trà Vinh is home to 2,153 enterprises, 98 per cent of which are SMEs.

They face difficulties in accessing support policies, preferential capital, advanced technology, and local and foreign markets.

To promote SMEs’ development, local authorities will continue to create a healthy business environment, provide financial assistance to enterprises, and improve local infrastructure. 

In the 2012-20 period, SMEs in the province will be allowed financial assistance worth a total of C$12.1 million ($9.4 million), including C$11 million of non-refundable aid funded by the Canadian Government. — VNS


 

 

 

 

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