The US-based Chevron Company will provide US$300,000 for the Save the Children Foundation to implement a project which aims to help 500,000 poor women in the Mekong Delta to develop small businesses at home.
An agreement to this effect was signed by Chevron and Save the Children representatives in Hanoi on November 9.
The initial objective of the project, entitled “Vietnamese rural women adapt to the market economy”, is to introduce new and suitable business habits to women who run small businesses and raise domesticated animals in rural areas.
The project will provide women with more opportunities to access financial services and help them get acquainted with market-oriented business models.
Speaking at the signing ceremony, the President of the Vietnam Union of Friendship Organisations (VUFO), Vu Xuan Hong, expressed thanks to Chevron Company and the Save the Children Foundation for their initiative to assist poor women.
He said that the VUFO’s working committee for foreign non-governmental organisations (NGOs) is ready to create favourable conditions for NGOs to effectively implement humanitarian aid projects for Vietnamese people.