U.S. kicks off US$22.1 million project for Vietnamese SMEs
15:13 | 24/09/2019

VGP - The USAID Linkages for Small and Medium Enterprises (LinkSME) project kicked off in Ha Noi on September 24.

Minister and Chairman of the Government Office Mai Tien Dung speaks at the event

During the event, U.S. Ambassador to Viet Nam Daniel J. Kritenbrink noted that SMEs play an important role in the country’s economic future as they greatly contribute to GDP and generate jobs. However, only a small number of SMEs are currently linked with the international supply chain.

As a result, the US is committed to working alongside Viet Nam to help SMEs adapt to the global economy, stated Ambassador Daniel J. Kritenbrink.

Minister and Chairman of the Government Office Mai Tien Dung emphasised that the LinkSME Project has got underway after an entire year of preparation. The event is the result of joint efforts made by the Government Office, the United States Embassy in Vietnam, the United States Agency for International Development (USAID), as well as the Ministry of Planning and Investment.

The development of Vietnamese SMEs under the LinkSME project will be of great significance to the country’s sustainable development, in addition to the nation’s capability of escaping the middle-income trap over the coming decades, said Minister Dung.

Through the USAID-funded LinkSME Project, Vietnamese SMEs will be able to gain greater connectivity to the global supply chain, contribute more widely to economic growth, build business ecosystems, create jobs for the community, improve living conditions, and encourage the innovative spirit of business.

The U.S. diplomat added that one of the priorities of the U.S. is to promote co-operation and development in Viet Nam and trust in the further development of comprehensive partnership between Viet Nam and U.S.

The project, with the aim of enhancing the linkage capability of small and medium-sized enterprises (SMEs) to supply chains.

By Hoang Ha

 

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