PM Okays Denmark-funded Business Development Programme

The Prime Minister has approved the Business Sector Programme Support and Private Sector Development Programme (BSPS PS Programme) in the 2011 - 2013 period, which is funded 123 million Danish kroner by the Government of Denmark.

 

With the development objective of strengthening the competitiveness of Vietnamese growth and export-oriented private enterprises and creating jobs, the BSPS PS Programme is divided into three components: Strengthening innovation and adaptation of new technologies in Vietnamese small and medium-sized enterprises (Component 1), Supporting measures to fortify the national system of occupational safety and health (Component 2); and Enhancing the understanding of the SME sector through economic research (Component 3).

 

Eight provinces and cities will join Component 1, including Nghe An, Thanh Hoa, Khanh Hoa, Phu Yen, Lam Dong, Dak Lak, An Giang and Can Tho. The funding for this component is VND216 billion. Component 2 and 3 will be applied nationwide.

 

The programme is expected to support 40 - 50 projects with an average funding of VND4 billion for a project.

 

The programme will give priority to the agriculture, aquaculture, handicraft and tourism sectors. More priority will be given to sectors with wider involvement in the targeted private sector and women.