Tra Vinh spends nearly 55 billion VND to support SMEs
The Mekong Delta province of Tra Vinh will spend 55 billion VND (2.42 million USD), of which 51 billion VND (2.24 million USD) is funded by the Canadian Government, developing local small- and medium-sized enterprises in 2017.
TraVinh (VNA) – The Mekong Delta province of Tra Vinh will spend 55billion VND (2.42 million USD), of which 51 billion VND (2.24 million USD) isfunded by the Canadian Government, developing local small- and medium-sizedenterprises in 2017.
Theinformation was released by the Management Board of the Tra Vinh SME project ata meeting in Tra Vinh on February 14.
DeputyDirector of the provincial Department of Planning and Investment To Ngoc Binh,who is also Director of the project management board, said the project willearmark 13 billion VND (572,000 USD) to support local firms’ operation.
Over17 billion VND (748,000 USD) will be invested in infrastructure facilities tosupport the operation of SMEs, and over 9 billion VND (396,000 USD) will beused to enhance management capability of involved staff.
Apartfrom supporting local SMEs’ operation, the project also looks to promotedialogues and exchanges between the public and private sectors, and applicationof information and communication technology to simplify administrativeprocedures.
In2016, the project used over 23 billion VND (1 billion USD), of which 1.7billion (74,800 USD) was sourced from the province’s counter capital.
Theproject started on January 30, 2015. About 200 enterprises and over 194,000local residents in 22 rural communes have benefited.-VNA
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