Accordingly, nearly 5,000 SMEs will be given access to critical financing and training courses in both Vietnam and the Pacific during five years.

It is the second time the ADB has received the second non-refundable aid from We-Fi to support the Women Accelerating Vibrant Enterprises in Southeast Asia and the Pacific (WAVES) programme.

Illustrative image.

Women-led businesses comprise roughly 60 percent of all micro, small, and medium-sized enterprises in Asia and the Pacific. However, they face capital constraints, which hamper their growth and development.

In April 2018, the ADB received a 12.6 million USD grant from We-Fi - which is managed by the World Bank - to promote women entrepreneurship in Sri Lanka.

The lender has been investing in women’s entrepreneurship in the Asia and Pacific region as part of its commitment to advancing women’s economic empowerment, which is one of the priorities of its newly adopted Strategy 2030.

By 2030, it is expected that 75 percent of all ADB-funded projects will promote gender equality.

ADB loans 300 million USD to BIDV to support Vietnamese SMEs

The Asian Development Bank (ADB) and the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) on December 12 signed a 300-million-USD loan agreement to support the growth and productivity of small- and medium-sized enterprises (SMEs) in Vietnam.

 

ADB projects help boost inclusive tourism, health service delivery in Vietnam

The Asian Development Bank (ADB) has approved a US$45 million loan to help Vietnam transform its secondary towns into more economically inclusive, competitive tourism destinations. 

 

ADB urged to help Vietnam get access to preferential loans

Vietnam always treasures its relations with the Asian Development Bank (ADB), one of the leading providers of loans, technical assistance and consultancy for the country, said a senior government official.

 

Painting exhibition honouring Vietnamese women held in Singapore

The Vietnamese Embassy in Singapore, in collaboration with the ArtBlue Studio, opened a painting exhibition featuring the beauty of Vietnamese women on March 8, on the occasion of 109th International Women’s Day.

 

Vietnam PM calls for greater efforts to protect women and children

Prime Minister Nguyen Xuan Phuc has called for bolder actions to guarantee the safety of women and children as cases of harassment and abuse have rocked the country in recent years.

 

Source: VNA