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$22.1mn USAID LinkSME project underway

Released at: 15:21, 24/09/2019

$22.1mn USAID LinkSME project underway

Photo: USAID

Project to help improve Vietnamese SME supply chain linkages.

by Phi Linh

The US Agency for International Development (USAID), the Office of the Government, and the Ministry of Planning and Investment (MPI) launched the USAID Linkages for Small and Medium Enterprises (USAID LinkSME) project on September 24 in Hanoi.

The event was attended by US Ambassador to Vietnam H.E. Daniel J. Kritenbrink, Minister and Chairman of the Office of the Government Mai Tien Dung, Minister of Planning and Investment Nguyen Chi Dung, USAID/Vietnam Mission Director Michael Greene, and representatives from ministries, local government agencies, business associations, Vietnamese small and medium-sized enterprises (SMEs), foreign firms, international organizations, and the media.

The five-year, $22.1 million USAID LinkSME project will work with the Office of the Government and MPI to strengthen the SME supply chain linkage ecosystem and improve business associations’ and trade groups’ capacity to support SME development.

Linking SMEs with lead firms will advance the Indo-Pacific vision of improved trade and competitiveness and support USAID and Vietnam’s objective of expanding inclusive, market-driven, private sector-led growth.

Successful linkages between capable Vietnamese SMEs and lead firms will serve as the model for replication of buyer-supplier relationships. Lessons learned from successful linkages will inform the institutionalization of best practice regulatory reforms. Project objectives include: (i) Improving the capabilities of intermediary organizations in Vietnam that facilitate business linkages between SMEs and supply chains; (ii) Enhancing the competitiveness of SMEs, reducing compliance costs, facilitating investment in SMEs, increasing the ease of doing business, and supply chain integration; (iii) Promoting institutional reform and streamlining regulations and administrative procedures.

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