Additional EUR 500,000 for SMEs development

(VOV) -Prime Minister Nguyen Tan Dung has agreed to provide EUR 500,000 non refundable aid from the United Nations Industrial Development Organization (UNIDO) for a project to develop small and medium-sized enterprises (SMEs).

The Ministry of Planning and Investment (MoPI) was assigned to coordinate with related agencies to extend the operating time for the project to December 31.

The project, implemented by the MoPI and the UNIDO since 2009 under the sponsorship of Italy with a total capitalization of EUR3 million, aims to help SMEs improve their competitive capacity, got involved in the global value chains and make full use of their advantages in the World Trade Organisation (WTO).

The project is initially focused on three sectors, including textile, footwear and wood processing to promote international business partnership.