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Firms struggle to get climate change funds

Update: November, 30/2013 - 09:43

HA NOI (VNS)— Small and medium-size enterprises are having difficulty in getting funds to adapt their businesses to the impacts of climate change.

Pham Thi Thanh Hang, director of the Investment Co-operation and Development Centre for Small and Medium Enterprises, yesterday told a workshop in Ha Noi that it was hard for enterprises to meet requirements for borrowing.

Although mechanisms have been issued to encourage enterprises to adapt to climate impacts, she said they were ineffective.

"I think the mechanisms and policies are impractical," she said.

"I expect policy-makers and managers to do something to fix the situation," she added.

Pham Thi Kim Hoa, a participant at the conference, said that dozens of small-and medium enterprises in northern Hoa Binh Province were rejected when applying to borrow money from supporting funds.

This was because they lacked the skills to draw up detailed plans to persuade fund management boards to lend them money.

In response, the Association of Small and Medium Enterprises has been asked to provide training courses for enterprises to improve their skills.

According to Hoa, several small and medium enterprises in Hoa Binh Province had no idea what to do to cope with climate changes.

She blamed the mass media for failing to provide specific messages about how climate changes will affect enterprises.

Hoa recommended that the mass media should be used more frequently to pass on information.

She added that enterprises should be invited to workshops discussing climate change so they had a chance to learn what they should do.

The workshop was co-organised by the Viet Nam Chamber of Commerce and Industry, and the Ministry of Natural Resources and Environment's Department of Meteorology, Hydrology and Climate Change. — VNS


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