Enhancing SME Resilience in Yen Bai

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The Yen Bai provincial Cooperative Alliance joined forces with Cowater International of Canada to launch the “SMEs Promote Resilience, Inclusion and Innovation Transformation” (SPRINT) Project on November 22, VNA reported.

The launching ceremony was attended by Shawna Godbold - Deputy Director in charge of Vietnam, Southeast Asia Department, Global Affairs Canada; Francesca Bellone - Counselor of the Canadian Embassy in Vietnam, Co-Chair of the Project Steering Committee.

On the Yen Bai's side, there were leaders of the Provincial People's Committee; leaders of relevant departments, branches, associations, and over 20 cooperatives, cooperative groups, and small and medium enterprises operating in 6 districts and cities under the project.

Enhancing SME Resilience in Yen Bai. Photo: Yen Bai newspaper

A representative from the provincial People’s Committee Office announced a decision approving the SPRINT Project funded by Global Affairs Canada through Cowater International.

Spanning the districts of Van Yen, Van Chan, Luc Yen, Tram Tau, Mu Cang Chai, and Yen Bai city, the project is designed to uplift about 300 micro, small, and medium-sized enterprises (MSMEs), cooperatives, cooperative groups, and thousands of producers involved in agricultural value chains, particularly those led by or heavily involving ethnic minority women.

The project aims to equip these groups with the tools they need to thrive in an increasingly competitive market. They will attend training courses designed to enhance business and technical innovations, while also fostering green crops and resilient agricultural practices that are both sustainable and profitable.

About 150 micro, small and medium enterprises, cooperatives, and cooperative groups will benefit from funding packages for both clean growth and renewable energy solutions, energy saving and innovation.

Beyond technical training, the project seeks to raise awareness, build capacity, and develop essential skills in economic empowerment. A key focus will be on enhancing women’s participation and leadership in agriculture, livelihood development, and community-building activities.

The project will be implemented over six years (2024–2029) with a total budget of CAD 9.75 million (USD 6.96 million) in non-refundable official development assistance (ODA).

In preparation for the project's launch, the provincial Cooperative Alliance and Cowater International held a conference on November 21 afternoon to outline an implementation strategy for the project.

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