Hanoi – Today, December 15, 2017, the 2017 Vietnam Citi Microentrepreneurship Awards (CMA 2017) were organized at InterContinental Westlake Hotel, thanks to the partnership of State Bank of Vietnam, Citi Foundation.Citibank Vietnam, Vietnam Microfinance Working Group (VMFWG), International Finance Corporation (IFC) and Vietnam Association of Small and Medium Enterprises.
Participants attending the event include Secretary General of Vietnam Banks Association, former Deputy Governor of State Bank of Vietnam Nguyen Toan Thang, and more than 150 representatives from the Vietnam Government, Ministries, Central agencies and organizations, Programmes/Microfinance Institutions that are members of Vietnam Microfinance Working Group (VMFWG), Diplomatic Corps, international and local Non-Governmental Organizations (NGO) and the winners of CMA 2017.
The workshop’s objectives were to provide update about the current context and trends of technological applications in the financial services sector in Vietnam and to promote financial inclusion, also to an environment for microfinance instituitions, Fintech companies, governing organizations and other domestic and foreign financial institutions to discuss and connect.
The Vietnam Citi Microentrepreneurship Awards is an annual global activity funded by Citi Foundation/ Citi Bank Vietnam since 2007. The CMA has been held by Vietnam Microfinance Working Group Vietnam (VMFWG) with the support of State Bank of Vietnam and Vietnam Association of Small and Medium Enterprises (VINASME). The CMA has recognized the contributions of 453 typical microentrepreneurs, 114 excellent credit staffs, and 67 typical microfinance institutions in Vietnam in the last 11 years.
This year, CMA 2017 awarded 31 typical Microentrepreneurs and 5 Typical Microfiance Institutions. Ms. Nguyen Thi Thanh Phuong was the Excellent Microentrepreneurs of the year 2017 with her sustainable and efficient business model to produce renewable fuel, by which increasing family income and creating jobs for the community; Anh Chi Em Program was the Typical Microfinance Institution in support of Financial Inclusion; Ninh Phuoc Capital Aid Fund for Women’s Economic Development (M7 Ninh Phuoc) was the Typical Microfiance Institution with High Commitment to Social Performance Implementation; Tinh Thuong Microfinance Institution (TYM), Thanh Hoa Microfinance Instituion and Tien Giang Capital Aid Fund for Women’s Economic Development were the Typical Microfinance Institutions Implementing Client Protection.
Please see the following contacts for all press–related information about The CMA 2017:
The Organizing Committee of The CMA 2017:
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
All the information about CitiBank is available at www.citigroup.com
Citi Foundation focuses its funds on three main aspects: Financial Education, Youth Education, Community and Enterpreneurs Suppport. Citi is one of the biggest sponsors for Microfinance industry in the world. In fact, it sponsors 40 milion US dollars in order to support programmes and microfinance institutions in more than 50 countries. Particularly, in Asia and in 1997, Citi Foundation committed to fund over 13 million US dollars for microfinance programmes. For more information, please visit website: http://www.citifoundation.com
Vietnam Association of Small and Medium Enterprises (VINASME)
Vietnam Association of Small and Medium Enterprises (VINASME) is a social organization – all small and medium Enterprises from any economic sectors, volunteerily established with the main purposes of cooperating, linking, supporting and helping each other in business development, effective performance improvement and legal rights protection for members; play an important role as an intermediary between enterprises and government agencies on completing legal frame; implementing economic intergration and cooperationg with international organizations actively on the basis of mutual respect, equality and mutual benefits, in compliance with the provisions of the Vietnamese Laws. For more information, please visit website: www.vinasme.com.vn
Vietnam Microfinance Working Group
Vietnam Microfinance Working Group (VMFWG) was founded to create a forum for microfinance practitioners to share experiences and together address relavant issues of the industry, contributing to raise the unified voice of microfinance industry to the policy makers. Established in 2004 as an informal Non-governmental Organization (NGO) under the VUFO-NGO Resource Center, VMFWG is open to all individuals and organizations interested in microfinance in Vietnam. In September 2011, Vietnam Microfinance Working Group (VMFWG) officially has been operating under the control of Vietnam Association of Small and Medium Enterprises (VINASME) in accordance with the Decision No. 238/QĐ-CTHH dated September 5th 2011 on setting up the Microfinance Resources Counselling for Small and Medium Enterprises (the former organization is Vietnam Microfinance Working Group). For more information, please visit our website www.microfinance.vn