At the launching ceremony for the project (Photo: VNA)Hanoi (VNA) – The Ministry of Planning and Investment (MPI) and the US Agency for International Development (USAID) on January 18 launched a project on building the competitiveness of Vietnam’s small and growing businesses (SGBs). It aims to support 5,000 SGBs, with 240 businesses successfully participating in domestic, regional and international markets. USAID/Vietnam Mission Director Ann Marie Yastishock said the launch of the project reiterates the US Government’s commitment to helping Vietnam strengthen its economic competitiveness, materialise its socio-economic development strategy for 2021-2030, and promote sustainable growth of the SGBs. The two sides have coordinated closely and effectively, she said, promising that the USAID will continue to pay adequate attention to private businesses and stands ready to meet the needs of the sector. Private businesses account for 40 percent of Vietnam’s GDP and employ 85 percent of labourers nationwide.

Source: Viet Nam News January 19, 2022 01:18 UTC