A program was held on Monday to introduce a 5-million-USD grant from the ADB to support women-led small and medium-sized businesses hurt by the COVID-19 pandemic. Requirements and procedures to sign up for capital loans were discussed at the online program, organized by the State Bank of Vietnam, the Asian Development Bank (ADB), and the Vietnam Women Entrepreneurs Council under the Vietnam Chamber of Commerce and Industry of Vietnam (VCCI).

Businesses that meet the grant’s requirements can sign up for capital loans or restructure their existing loans.

Five Vietnamese commercial banks – ACB, BIDV, SHB, TPBank, and VPBank – have volunteered to compete for the grant by finding eligible businesses to fund.

Source: VOV5