Business Plan Competition

Three farmers to be awarded US$9,900 for best business plans

A competition to choose the most aspiring entrepreneurs among farmers is being organized by the ILO as part of its support to the One Million Farmers Initiative.

News | Hanoi | 23 September 2014

"Training of Entrepreneurs" workshop in Vinh Loc District, Thanh Hoa Province.© ILO
HANOI (ILO News) – As part of its support to Viet Nam’s One Million Farmers Initiative, the ILO is currently running a “Business Plan Competition” in conjunction with a series of 15 “Training of Entrepreneurs” workshops. The names of the winners will be announced in October and the award ceremony will be held in November.

A prize of US$3,300, funded by ILO, for each winner comprises of the cash component of $2,800 and technical support component equivalent to $500.

One Million Farmers Initiative is the Vietnamese Government’s effort in improving the quality of rural workers in light of the increasing demand of industrialization and modernization in the rural area. The project aims at providing training to at least 1 million workers a year from 2009 until 2020, including farmers, members of poor households and the local authority staff.

ILO introduced its “Start and Improve Your Business” training programme to the General Department for Vocational Training (GDVT) through the provision of materials and development of a monitoring and evaluating system. GDVT adapted the materials and conducted training for master trainers, who then trained hundreds of farmers in a series of workshops organized in August.

 Upon completion of the workshops, entries for the competition were submitted to the trainers. A total of 45 most outstanding business plans were chosen by 15 trainers. These plans are now being evaluated by a review committee consisting of international experts from ILO Headquarters in Geneva, ILO Regional Office in Bangkok, ILO Country Office in Hanoi, experts from GDVT, and the Vietnam Vocational Training Association.

The final review will result in three best business plans, prepared using ILO tool “Start and Improve Your Business”. While two of the three awards target two farmers, one with the most innovative plan and one with the best green business plan, the remainder is specifically tailored towards women with the prize of best plan among the woman entrepreneurs.