Women-led businesses comprise about 60 per cent of all micro-, small-, and medium-sized enterprises in Asia and the Pacific. However, these enterprises face capital constraints which hamper their growth and development. Women-led SMEs in Vietnam to be supported by new financing The Asian Development Bank (ADB) has just received $20.2 million fromthe Women Entrepreneurs Finance Initiative (We-Fi) to support women-led small and medium-sized enterprises (WSMEs) to access critical financing and training in Vietnam and the Pacific. The grant, the second that the ADB has received from WE-FI, will finance the Women Accelerating Vibrant Enterprises in Southeast Asia and the Pacific (WAVES) programme, which aims to promote inclusive and sustainable growth and development through women’s businesses and entrepreneurship. Approximately 5,000 women-led SMEs from Vietnam and the Pacific will benefit from the five-year programme. “Women’s businesses play a crucial role in … [Read more...] about Women led SMEs in Vietnam to be supported by new financing
Financing smes and entrepreneurs 2018
ADB funds over 20 mln USD for women-led SMEs
Illustrative image (Photo: VNA) Hanoi (VNA) – The Asian Development Bank (ADB) has reported that it received 20.2 million USD from the Women Entrepreneurs Finance Initiative (We-Fi) in support of small and medium-sized enterprises (SMEs) led by women. 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. 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 … [Read more...] about ADB funds over 20 mln USD for women-led SMEs
New financing to enhance support for women-led SMEs
Women-led businesses comprise about 60 per cent of all micro, small, and medium-sized enterprises in Asia and the Pacific. — Photo vietnamplus.vn MANILA — The Asian Development Bank (ADB) has received US$20.2 million from the Women Entrepreneurs Finance Initiative (We-Fi) to support women-led small and medium-sized enterprises (WSMEs) to access critical financing and training in Việt Nam and the Pacific. The grant – the second that ADB has received from We-Fi – will finance the Women Accelerating Vibrant Enterprises in Southeast Asia and the Pacific (WAVES) programme, which aims to promote inclusive and sustainable growth and development through women’s businesses and entrepreneurship. Approximately 5,000 women-led SMEs from Việt Nam and the Pacific will benefit from the 5-year programme. “Women’s businesses have a crucial role to play in the Asia Pacific region’s efforts to achieve inclusive and sustainable … [Read more...] about New financing to enhance support for women-led SMEs
ADB supports women-led SMEs in Viet Nam and Pacific
The grant—the second that ADB has received from We-Fi—will finance the Women Accelerating Vibrant Enterprises in Southeast Asia and the Pacific (WAVES) program, which aims to promote inclusive and sustainable growth and development through women’s businesses and entrepreneurship. Approximately 5000 women-led SMEs from Viet Nam and the Pacific will benefit from the 5-year program. "Women’s businesses have a crucial role to play in the Asia and Pacific region’s efforts to achieve inclusive and sustainable development, but social and economic barriers will have to be addressed for women to realize this potential,” said ADB Social Development Specialist (Gender and Development) Ms. Keiko Nowacka. “For ADB, We-Fi is an opportunity to help accelerate progress on gender equality and challenge the entrenched status quo that prevents WSMEs from flourishing.” Women-led businesses comprise about 60% of all micro, small, and medium-sized enterprises … [Read more...] about ADB supports women-led SMEs in Viet Nam and Pacific
BUSINESS NEWS IN BRIEF 1/11
The upcoming Vietnam Digital Economy Forum (VDEF) 2018 will include special sessions which focus on Vietnam’s digital economic perspectives, featuring local and international keynote speakers. The VDEF 2018, whose theme is “Challenges and strategic solutions for small- and medium-sized enterprises (SMEs) in the Fourth Industrial Revolution,” will take place on Thursday, November 1, at the Rex Hotel in District 1, HCMC. The forum is co-sponsored by the Association of Vietnam Scientists and Experts, and Quang Trung Software City, as well as by the HCMC People’s Committee. Some 20 policy makers and leading experts at home and abroad from the digital economy industry, together with 500 guests from ministries, organizations and enterprises, are expected to join this event. The Fourth Industrial Revolution has been impacting the structures that make up the foundations of the global economy and society. Every day, millions of people benefit from innovative products and … [Read more...] about BUSINESS NEWS IN BRIEF 1/11