The US increases its support for the development of the private sector in Vietnam to 100 million USD
Grant from the International Development Agency America (USAID) for the Vietnamese private sector will increase from $42 million to a maximum of $100 million.
On April 21, the US Agency for International Development (USAID) and the Ministry of Planning and Investment signed a revised bilateral cooperation agreement to expand the scope of USAID’s assistance to Vietnam to include local capacity development.
The revised bilateral cooperation agreement will strengthen the two agencies’ joint efforts to strengthen the region’s competitiveness. personal economicpromote innovation and start-up ecosystems, strengthen human resources and enhance local capacity.
Under this revised agreement, USAID’s assistance in the areas listed above will increase from $42 million to a maximum of $100 million and will extend for an additional three years, to September 30, 2028.
Speaking about the agreement, USAID Vietnam Country Director Ann Marie Yastishock said: “This agreement demonstrates the continued commitment of the US Government to support Vietnam’s efforts to become an inclusive economy. tycoon, innovation and openness.
Through working closely with the Government of Vietnam, we ensure that USAID’s development assistance meets our two countries’ shared vision of a prosperous and independent Vietnam.”
USAID’s technical assistance activities under this agreement will help build the capacity of Vietnam’s small and developing businesses, including businesses run by people from vulnerable groups owners, by creating a favorable environment for them to access technology that enhances competitiveness, business management skills and capital.
This agreement contributes to strengthening the high-quality human resources needed for a strong knowledge-based economy.
USAID technical assistance will also contribute to enhancing the capacity of participating local governments (at the provincial and sub-provincial levels) to effectively implement policies, while enhancing interactions among governments. local authorities, the private sector and other stakeholders on local socio-economic development issues.
at Blogtuan.info – Source: laodong.vn – Read the original article here
