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World Bank-managed We-Fi provides $5mn to support Vietnamese women-led businesses

Wednesday, December 23, 2020, 13:39 GMT+7 This supplied photo shows Governor of the State Bank of Vietnam Nguyen Thi Hong (L) posing alongside Andrew Jeffries, ADB’s country director for Vietnam, during a ceremony to sign an agreement to provide US$5 million for Vietnamese women-led small and medium-sized enterprises in Hanoi, December 22, 2020. The Vietnamese government and the Asian Development Bank (ADB) on Tuesday entered into a deal to provide a US$5 million grant, sourced from the Women Entrepreneurs Finance Initiative (We-Fi), for Vietnamese women-led small and medium-sized enterprises (WSMEs) whose access to finance has been weakened because of the COVID-19 pandemic. Governor of the State Bank of Vietnam Nguyen Thi Hong represented the government to sign the agreement with Andrew Jeffries, ADB’s country director for Vietnam, in Hanoi.

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