Tinh Thuong One Member Limited Liability Microfinance Institution (TYM) on Tuesday launched a project aiming to improve management skills for female entrepreneurs running small enterprises.

The project, one among four in Viet Nam receiving funding from Citi Foundation this year, will train some 200 women running small businesses in agriculture, handicraft and trading in five provinces, namely Nam Dinh, Vinh Phuc, Thanh Hoa, Nghe An and Hung Yen.

The training programme will be developed by the Viet Nam Women’s Academy to cover skills such as marketing, human resource management, group work, decision making, financial management and business planning as well as case studies and real-life experience sharing.

Duong Thi Ngoc Linh, general director of TYM, said improving corporate management skills for rural female entrepreneurs was important to help them start or expand their business.

TYM expected that the project would help not only improve the economic power of women entrepreneurs but also generate jobs.

TYM provides microfinance for low-income households, especially poor and vulnerable women. TYM’s outstanding loans totaled more than VND1 trillion (US$43.85 million) in 2016.

The New York – based Citi Foundation, a member of global bank Citi, works to promote economic progress and improve the lives of people in low-income communities around the world. - VNS