Denmark Launches Website to Support Vietnamese SME

The Danish Embassy in Vietnam on October 14 launched a website to help domestic Small and Medium-sized Enterprises (SME) to sharpen their competitiveness in the global market.
The site, at www.gcf-vn.org, is run by the Global Competitiveness Fund (GCF) which is part of Danida’s business sector support program.
The website is aimed to help domestic businesses showcase their products to potential customers worldwide and provide initiatives to develop export-led items.
“The website aims to strengthen the competitiveness of Vietnamese enterprise by supporting business associations and business development services,” said Do Van Hai, Vice Director for Small and Medium Enterprise Development Department, a senior member of GCF’s management board.
Hai said the launch of the website also marks the official launch of the GCF, which will initially focus its work on businesses in the four provinces in Ha Tay, Nghe An, Lam Long and Khanh Hoa.
Danish Ambassador to Vietnam Peter Lysholt Hansen stated that the GCF will prioritize provinces and sectors that have significant potential in producing items for exports.
“Only by strengthening the business sector’s competitiveness can we ensure that Vietnam will reap its full potential in the global economic arena,” the ambassador added.
The program to support business sector in Vietnam funded by Denmark has a total financial support of around US $8 million for the five-year period from 2005 to 2009. Financial support for a project submitted by Vietnamese businesses and associations and approved by GCF can reach up to US $400,000.

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