Danish-funded project helps generate 30,000 new jobs
(VOV) -Denmark’s Global Competitive Facility (GCF) programme has funded more than 40 projects in Vietnam, creating nearly 30,000 new jobs for local people, told by a seminar held by the Danish Embassy and the Central Institute for Economic Management (CIEM) in Hanoi on November 28.
The seminar highlighted the role of the private sector in Vietnam’s agriculture and rural development thanks to support of the GFC programme, which runs from 2011 till the end of 2014.
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The programme, worth US$11 million in total, aims to help the Vietnamese government build capacity of local businesses to sharpen their competitiveness in the global market.
As many as 42 projects in eight Vietnamese provinces have been benefited from the GFC programme, including those in central, Central Highlands, and Mekong Delta regions.
Denmark is one of Vietnam’s largest international donors, making up 25% of total funding from the European Union.
In the 2014-2015 period, the Danish government is committed to granting US$90 million in official development assistance (ODA) for Vietnam, focusing on green growth, environment, private sector development, clean water, culture, and State governance.