Our office in Hanoi is promoting fair, inclusive, and transparent governance; increasing resilience and readiness in the Vietnamese economy; reducing the causes and managing the impacts of climate change; supporting learning and educational achievement; empowering women; and fostering peace and prosperity through regional and international cooperation.
Mobile banking for women business owners in remote areas
In Vietnam, cash remains the dominant method of payment, despite telecommunication networks covering almost the entire country. With support from Australian DFAT, we have developed a partnership with the Vietnam Bank for Social Policies (VBSP), a publicly-owned micro finance institution with roughly seven million clients, and Mastercard, to introduce digital financial services in rural, remote, and mountainous areas. More than 60 percent of these new clients are women, 90 percent of whom have micro and small businesses.
NEWS FROM VIETNAM
Using blockchain to ensure supply chain security
Opportunities can be found in unexpected corners of the rapidly evolving technology sector. A case in point: blockchain, a distributed ledger technology with built-in cryptographic authentication that first emerged as the underpinning technology that maintains Bitcoin. With support from the Australian Government, our Vietnam office is adapting blockchain technology to create a digital proof-of-provenance platform for the Vietnamese dragon fruit supply chain. For the growers and other actors involved in the supply chain, mostly micro, small, and medium-sized enterprises, the blockchain creates a secure brand identity that cannot be faked, while importers and consumers receive trusted information on the provenance of the fruit, from point of origin to point of consumption, including important food-safety information. The blockchain creates trust, increases transparency, and ensures regulatory compliance, and is likely to be a component of future Foundation programs.
HIGHLIGHTS ACROSS ASIA
Asia Foundation Research Highlights Power of Women-in-STEM Networks in Asia
June 28, 2021
Accelerating Women’s Advancement in STEM: Emerging Lessons on Network Strategies and Approaches
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2020 Annual Report
Addressing the global crisis