Canada announces support for the Vietnam Cooperative Enterprise Development project

Toronto: The Prime Minister, Justin Trudeau, today announced support for the Vietnam Cooperative Enterprise Development project that will help reduce poverty and contribute to equitable economic growth in Vietnam.

The Government of Canada will partner with Société de coopération pour le développement international on this project, providing $12.9 million over five years (2015-2020) to help increase the competitiveness and productivity of Vietnamese agricultural cooperatives.

Activities will include establishing new market-oriented agricultural cooperatives, strengthening the knowledge, skills and competitiveness of Vietnamese farmers, improving cooperative management practices, and developing a policy and regulatory environment that promotes cooperatives. Up to 10,000 farm households in five Vietnamese provinces are expected to benefit from this initiative.

“Canada is very pleased to help the Vietnamese strengthen their agricultural sector, which will contribute to sustainable economic growth and poverty reduction in the country.”
– Rt. Hon. Justin Trudeau, Prime Minister of Canada

“Canada is a country with a great deal to offer. Our expertise in agricultural cooperatives will help ensure that Vietnam is able to apply production techniques that are environmentally-friendly and sustainable. This will unlock shared prosperity for families and individuals now and into the future.”
– Rt. Hon. Justin Trudeau, Prime Minister of Canada