Six women-led enterprises secure investment to tackle climate adaption
Deltaccelerate is a women’s agribusiness climate adaptation accelerator funded by the Australian Government that provides customised training and tailored support for women-focused small and medium enterprises (SMEs) in Mekong Delta to build their capacity in sustainable business practices and strengthen their resilience to climate adaptation.
The six successful businesses were selected from a cohort of 14 Deltaccelerate participants following a competitive Pitch Day event on 17 October 2024 in Can Tho city. They include:
- Mekong Coconut Oil Company Limited (Cocovie): Producing and trading high-quality cosmetic and food products from coconut oil in Ben Tre province, focusing on preserving and utilizing coconut trees over 10 years old, which can absorb 75 tons of CO2 per hectare per year.
- Cau Ke Macapuno Coconut Processing Co., Ltd (VICOSAP): Specialising in confectionery products, baking ingredients and drinks made from macapuno coconuts, a specialty of Tra Vinh province cultivated by the Khmer community and known for their high saline tolerance, making them an ideal climate-adaptive crop.
- Palmania JSC: Creating healthy, organic products from palmyra trees using sustainable farming methods rooted in the indigenous Khmer community in An Giang province.
- AirXCarbon/Veritas Vietnam JSC: Transforming biomaterials, including coconut husks from the Mekong Delta, into zero-carbon consumer products.
Dam Doi Sesarmid Cooperative: Producing a range of sustainable products from locally-caught sesarmids and shrimps in Ca Mau province. - Ecoka JSC: Producing and trading handicrafts made from adaptive materials, including water hyacinth and bulrush, from Hau Giang province on global e-commerce platforms.
Each enterprise will now receive this financial support to scale their business through trade promotion, marketing, product development and training initiatives. Deltaccelerate’s total contribution of AUD250,000 (VND4 billion) will also leverage AUD320,000 (VND5 billion) in co-funding from the enterprises to further amplify its impact.
The Deltaccelerate program is part of the Business Partnership Platform (BPP), an Australian Government initative implemented by Palladium. Deltaccelerate is managed by New Energy Nexus Vietnam (NEXVN) and continues to foster innovative solutions for climate adaptation and sustainable development in the Mekong Delta.
