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.  

US Ambassador to Vietnam Daniel 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.”