Project profile — Small and Medium Enterprise Development in Tra Vinh province



Overview 

CA-3-A034758001
$11,475,687
People's Committee of Tra Vinh Province, Vietnam
2014-11-10 - 2022-12-31
Operational
Global Affairs Canada
OGM Indo-Pacific

Country / region 

• Vietnam (100.00%)

Sector 

• Industry: Small and medium-sized enterprises (SME) development (32130) (100.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (significant objective)
• Participatory development and good governance (significant objective)
• Trade development (significant objective)
• Biodiversity (not targeted)
• Climate change mitigation (not targeted)
• Climate Change Adaptation (not targeted)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Disaster Risk Reduction(DRR) (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• Nutrition (not targeted)
• ICT as a tool for development (not targeted)

Description 

This project aims to increase economic opportunities for poor rural women and men, including ethnic minorities, in the province of TraVinh. The project contributes to developing and implementing key priorities of the province’s five-year Small and Medium Enterprise (SME) Development Plan. The project also aims to improve environmental sustainability and ensure gender equality. This project seeks to create a favourable business environment for SMEs by, for example, (1) simplifying the business registration process; (2) increasing access to finance and business development services; (3) improving the ability of SME managers to run their businesses; (4) increasing the production capacity of a number of businesses; and (5) improving the skills of the workforce in order to meet the labour needs of small and medium enterprises. The project also aims to improve SMEs’ access to markets in about 20 targeted communities in Tra Vinh province by building priority small-scale infrastructure such as waste treatment facilities, inter-village roads and bridges to improve rural transportation. Finally, the project seeks to improve the ability of local government organizations (at the provincial, district and commune level) to support the development of SMEs. Through training, technical assistance and institutional development, the goal is for these government organizations to be better able to plan, budget, manage their finances, procure, and monitor activities related to SME development in the province.

Expected results 

The expected outcomes for this project include: (1) improved competitiveness of small and medium enterprises (SMEs) in selected sectors in Tra Vinh Province; (2) increased use of improved and sustainable small-scale infrastructure by SMEs in targeted communities in Tra Vinh Province; and (3) improved local government performance in support of environmentally sustainable and gender responsive small and medium enterprise development in Tra Vinh Province.

Results achieved 

Results achieved as of March 2023 include: (1) registered and operationalized 500 new small and medium-sized enterprises (SME) (132 women-led) for a total of 2864; (2) 6,328 businesses (2065 women-led) benefited from the project's support, resulting in the creation of 23,000 jobs for the local population; (3) upgraded and put into operation 25 small-scale infrastructure works (e.g. rural roads and bridges) since the beginning of the project to improve access to markets for selected commodities, benefiting 16,710 households with 50,130 people (27.8% beneficiaries from ethnic minority groups); (4) assisted the province of Tra Vinh in developing 25 policies that have contributed to significant improvements in the business environment and attracting investment to the province; and obtaining branding of trademark, certification, intellectual property registration and the development of a traceability portal for key provincial products.

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Transaction Date Type Value
31-03-2023 Disbursement -$31,398
31-03-2023 Disbursement $31,398
31-03-2023 Disbursement $31,938
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Project-type interventions
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