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Supporting Business to Build Community Resilience to Disaster
Community resilience depends greatly on the ability of the private sector—particularly small- and medium-sized businesses (SMEs) —to bounce back, re-establish production, and continue to provide employment to local workers in the aftermath of disasters. In Vietnam SMEs employ around 80 percent of the country's workforce and produce more than 40 percent of its gross domestic product but many remain ill-prepared for natural disasters. Fifty percent of companies surveyed in 2011 by The Asia Foundation in Central Vietnam lacked emergency response or disaster management plans. Since 2011, USAID's Office of U.S. Foreign Disaster Assistance (OFDA) has provided nearly $1.1 million in support to The Asia Foundation's program to build disaster resilience for SMEs in Vietnam, developing cooperation with government and community groups to help small businesses and their communities prepare for floods and storms.