Project profile — Leveraging Vietnam’s Social Impact Business Ecosystem in Response to COVID-19



Overview 

CA-3-P009443001
$3,000,000
UNITED NATIONS DEVELOPMENT PROGRAMM (41114)
2021-03-08 - 2024-12-31
Operational
Global Affairs Canada
OGM Indo-Pacific

Country / region 

• Vietnam (100.00%)

Sector 

• Government And Civil Society, General: Public sector policy and administrative management (15110) (15.00%)
• Business And Other Services: Business Development Services (25030) (55.00%)
• Small and medium-sized enterprises (SME) development:
Small and medium-sized enterprises (SME) development (32130) (10.00%)
Technological research and development (32182) (20.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (significant objective)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• 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)
• Disability (not targeted)
• Indigenous Issues (not targeted)
• Nutrition (not targeted)
• ICT as a tool for development (not targeted)

Description 

The project aims to increase the resilience of vulnerable groups, including women and girls, to COVID-19 impacts in Vietnam through the enhancement of Social Impact Businesses (SIBs), the SIB ecosystem and its regulatory environment. SIBs are organizations that combine their business models with the commitment to generate positive social and environmental impacts. They often deliver innovative business solutions that target sustainable development and can help mitigate the effects of COVID-19 on vulnerable groups, by creating jobs and livelihoods, and contributing to the delivery of essential services. The project will help SIBs manage disruptions caused by the pandemic and strengthen the broader ecosystem. Project activities include: (1) increasing access to business development services, finance, and market access support for SIBs, especially those led by women and vulnerable groups; (2) establishing and implementing a national network of SIB intermediaries; (3) building capacity and providing technical assistance to SIB intermediaries; and (4) building capacity and policy support to the government to build a gender-responsive, inclusive and transparent regulatory framework to support SIBs.

Expected results 

The expected outcomes for this project include: (1) improved capacity of SIBs, especially those led by women and vulnerable groups, on sustainable business development and financing; (2) improved ecosystem of intermediaries supporting SIBs, especially those led by women and vulnerable groups; and (3) strengthened capacity of the government to enable a gender-responsive, inclusive and transparent regulatory environment that supports the resilience of SIBs.

Results achieved 

Results achieved as of December 2022 include: (1) provided direct support to 31 Social Impact Businesses (SIBs) to develop new products, services, or plans to cope with COVID-19 recovery and future shocks; (2) supported 55 SIB Innovation Champions by providing a three-month intensive training program. The Champions then provided 700 hours of coaching for 110 SIBs; and (3) increased knowledge of 70 government officials about SIBs, their impact, and the importance of developing policy to support these enterprises.

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
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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