Vietnam MPI and USAID sign agreement to strengthen bilateral partnership
![]() |
A seafood processing line at the Hong Ngoc Seafood Company in the southern province of Phu Yen's Hoa Hiep Industrial Park. The Viet Nam private sector's competitiveness, innovation and start-up system are expected to be enhanced through a $42 million agreement aided by the US (Photo: Vietnamnet) |
Today, the United States Agency for International Development (USAID) and Vietnam’s Ministry of Planning and Investment (MPI) virtually signed a $42 million agreement to advance Vietnam’s economic competitiveness, through strengthening private sector competitiveness, innovation and startup ecosystems, and human capital.
This US$42-million agreement was signed on April 15 to advance Viet Nam’s economic competitiveness, through strengthening private sector competitiveness, innovation and startup ecosystems, and human capital.
Accordingly, USAID technical assistance activities under this agreement will enhance the capacity of Vietnamese small and growing businesses, including those led by vulnerable populations, by facilitating access to competitiveness-enhancing technology, business management skills, and capital.
The agreement will also foster greater entrepreneurship; enable deeper linkages of Vietnamese startups to corporations, investment capital, and other supporting organizations in the international innovation and startup ecosystems; and strengthen high-quality human capital needed for a robust knowledge-based economy.
Speaking about the agreement, U.S. Ambassador to Vietnam Daniel J. Kritenbrink said, “This agreement reflects the United States’ continued commitment to support Vietnam’s efforts to become a more open, innovative, and inclusive economy. Through close collaboration with the Government of Vietnam, we can ensure that USAID’s development assistance will meet our two countries’ mutual vision for a prosperous and independent Vietnam.”
![]() |
The US Ambassador to Vietnam Daniel Kritenbrink - (Photo: Reuters) |
“Through close collaboration with the Government of Viet Nam, we can ensure that USAID’s development assistance will meet our two countries’ mutual vision for a prosperous and independent Viet Nam,” the diplomat added.
![]() | Trump tweets thanks for Vietnam’s protective suits amid coronavirus outbreak US President Donald Trump expressed his appreciation for over 450,000 made-in-Vietnam personal protective equipment from Vietnam. |
![]() | USD400,000 project to enhance social inclusion of disabled people in Can Tho The Mekong Delta city of Can Tho has launched a local project on social inclusion of people with disabilities with an estimated funding of 400,000 ... |
![]() | USAID supports Vietnam SMEs in manufacturing supply chains The United States Agency for International Development (USAID), Vietnam’s Office of the Government, and the Ministry of Planning and Investment on September 24 launched the ... |
Insider

Post-Pandemic Economy Develops Positively, Says NA Chairman
Most read
Recommended

Post-Pandemic Economy Develops Positively, Says NA Chairman

Vietnam News Today (May 24): Foreign Arrivals Soar Two Months after Border Reopening

Vietnam News Today (May 22): Vietnam Surpasses 170-gold Medal Mark at SEA Games 31

Singapore Parliament Speaker Concludes Official Visit to Vietnam
Popular article

Vietnam News Today (May 20): Vietnam Eyes 15-day Visa Exemption From Russia

Vietnam News Today (May 19): SEA Games 31: U23 Vietnam Play U23 Thailand in Final

A Brief Look at Greek President's Eventful Visit to Vietnam
