VCF awards its first grants to 12 innovative pro-poor projects

Following the first ‘call’ for submissions to the Vietnam Challenge Fund (VCF) in December 2009, VCF has selected 12 projects for funding assistance.

 

In the first ‘call’ for submissions, VCF received a very strong response from businesses nationwide, which made the race for funding very competitive. Over 200 concept notes were submitted for the first set of challenges, all of which focused on the agricultural sector.

 

VCF’s Independent Appraisal Panel (IAP) met in February 2010 to select a short-list of projects that were invited to submit a more detailed project proposal.  The IAP then met again in May 2010 to review these proposals, and selected 12 projects to receive grant assistance from VCF.

 

The 12 winning projects span many locations in Vietnam, from Cao Bang in the North, to Tien Giang in the South, from the highlands of Dak Lak to the coast of Ben Tre.  They also span a wide variety of agricultural products, including fruit, coffee, tea, vegetables, meat and seafood.

 

VCF will announce its second ‘call’ of challenges, and re-open the ‘window’ for new applications, in the third quarter of 2010.  Details will be advertised in the mass media and will also be available at: www.markets4poor.org