Since 2014, the SME Development Project in Tra Vinh, a province in the Mekong Delta, has benefitted over 30,500 businesses and more than 103,600 individuals.

The project has increased the number of businesses by 200 per cent, business households by 133 per cent and created new jobs for about 23,000 workers.

The Steering Committee for SME Development Project in Tra Vinh Province held an annual meeting on Monday.

Tra Vinh SME project is supported by Global Affairs Canada (GAC) with a total investment capital of CAD$12.1 million, equivalent to over VND200 billion.

The capital is funded by Canada without a refund of CAD$11 million, the remaining amount is reciprocated by the locality.

The project disbursed a total of nearly VND176.3 billion (US$7.5 million) by the end of last year.

The province disbursed nearly VND14.5 billion to support the development of small and medium enterprises last year, reaching 74.78 per cent of the plan.

As planned, the project will end in September this year. The province will disburse a total amount of over VND15.5 billion this year.

Chairman of the provincial people's committee Le Van Han, co-head of Tra Vinh SME Project Steering Committee, expressed his gratitude to the Government of Canada for sponsoring the province to implement the project, contributing to improving people's lives in the locality. — VNS