As many as 200 enterprises and more than 194,000 locals in the Mekong Delta province of Tra Vinh have benefited from a Canadian-funded project to support SMEs.
Tra Vinh (VNA) – As many as 200 enterprises and more than194,000 locals in 22 rural communes of the Mekong Delta province of Tra Vinh havebenefited from a Canadian-funded project to support small and medium-sizedenterprises (SME) worth 12.1 million CAD (9.63 million USD).
The project, which is scheduled to complete in 2020, has helped improveproduction and infrastructure as well ascreated jobs in the locality, heard ameeting between Canadian Ambassador to Vietnam Ping Kitnikone and leaders ofTra Vinh on August 23 to review the progress of the project.
After two and a half years of implementation, the project has built foursmall-scaled infrastructure works worth over 8 billion VND in four tradevillages, creating favourable transportation conditions for enterprises andover 2,000 locals.
At the same time, the project also launched many activities to assistenterprises in enhancing the value chain of local products, while supportingcooperatives in abiding by the Cooperative Law 2012.
However, Ambassador Ping Kitnikone pointed out that the project’sprogress has been slow with many shortcomings. She held that Tra Vinh should giveclear strategies with a strategic vision in supporting SMEs in the coming time,adding that support activities should be closely connected with each other.
The diplomat also shared Canada’s experience in aiding SMEs.
Chairman of the provincial People’s Committee Dong Van Lam thanked theCanadian Government for the support, which he said has contributed to creatinga healthy investment environment and boosting the growth of local firms.
Lam pledged to create optimal conditions for the implementation of theproject in the future, ensuring its effectiveness.
Earlier, Lam and Secretary of the provincial Party Committee Tran TriDungheld a reception for the Canadian ambassador, during which they thanked theCanadian side forsupporting the province.
In the 2000-2010 period, Canada provided 17 million CAD for three projects inthe province, they noted.-VNA
Inaccessibility to bank loans is one of the main factors that has prevented private small and medium-sized enterprises (SMEs) from further development, experts said.
The Bank for Investment and Development of Vietnam (BIDV) will earmark at least 10 trillion VND (434.7 million USD) as loans for small- and medium-sized enterprises each year.
A workshop took place in northern Hai Phong city on August 4 to provide information on loan access and methods of payment in international trade for small- and medium-sized enterprises (SMEs).
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Illustrative image (Source: VNA) 
