The Innovation and Competitiveness Grant Facility (ICG Facility) of the SwissTrade programme will providing 10 – 15 selected small grant projects with funding of up to 150,000 USD each during a period of 12 – 24 months, heard a conference held in Hanoi on July 25.
Werner Gruber, Head of the Development Cooperation Agency at the Embassy of Switzerland in Vietnam, speaks at the event. (Photo: VNA)
Hanoi (VNA) – The Innovation and Competitiveness Grant Facility (ICGFacility) of the SwissTrade programme will provide 10 – 15 selected smallgrant projects with funding of up to 150,000 USD each during a period of 12 –24 months, heard a conference held in Hanoi on July 25.
TheSwiss Trade Policy and Export Promotion (SwissTrade) Programme is a technicalassistance programme sponsored by the Government of Switzerland and representedby the Swiss Secretariat of Economic Affairs (SECO) from 2021 to 2024, Vu BaPhu, Director of the Ministry of Industry and Trade (MoIT)’s Vietnam TradePromotion Agency (Vietrade), told the launch workshop.
Theprogramme aims to improve trade performance and international competitivenessof small- and medium-sized enterprises (SMEs) through enhanced frameworkconditions for trade, public-private dialogue mechanisms, and a strengthenedeco-system for dynamic export promotions to help Vietnam achieve sustainableeconomic growth and reduce the poverty rate, according to Phu.
Vietradehas been tasked by the MoIT to implement the project’s Component 3, whichintends to strengthen export-related services and develop the export promotionecosystem by providing funding for small grant projects of Dynamic BusinessSupport Organisations (BSOs) in both public and private sectors for theimplementation of initiatives to support enterprises and help them accessglobal value chains.
NguyenThuy Hien, Deputy Director of the MoIT’s Department of Planning and director ofthe programme management board, highlighted the significance of the project tothe Vietnamese Government and the MoIT, saying it will enable the country toboost its export performance and enhancethe international competitiveness of Vietnamese SMEs.
𝄹 Exportationis a key driver of economic growth in Vietnam that creates many jobs, she said,adding that the private sector, particularly SMEs, plays an increasinglycrucial role./.
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Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Werner Gruber, Head of the Development Cooperation Agency at the Embassy of Switzerland in Vietnam, speaks at the event. (Photo: VNA)
