Local Economic Development (LED) is an instrument for attracting investment en retaining jobs. By identifying local opportunities, supporting entrepreneurship, and cultivating a business-friendly environment, local governments can unlock the full potential of their local economies.
Boosting local economies with tailored strategies
In our approach we emphasize the involvement of local governments to ensure sustainable interventions, recognizing their role as service providers, regulators, and catalysts for growth. We tailor economic development strategies based on detailed assessments of each municipality’s unique context, fostering effective business environments and public-private partnerships.
How we work
VNG International supports municipalities through a range of practical tools and methods that help strengthen local economies. Our support includes:
- Municipal LED Forums
We organize forums that encourage knowledge exchange and create feedback loops between local governments and business leaders. This ensures that economic initiatives align with the needs of the private sector. - One-Stop Shops for Entrepreneurs
We help municipalities set up accessible physical and digital one-stop shops where entrepreneurs can find essential information on regulations, processes, and opportunities. - Municipal IT-Business Incubators
We support the development of incubators equipped with internet and office infrastructure, providing young graduates with space and tools to start their businesses. - Pilot Projects
We assist in setting up municipal-led pilot projects aimed at enhancing local economic potential, particularly for marginalized groups facing high unemployment. - Capacity-Building Workshops
We train municipal staff to better manage resources and engage effectively with the local economy and community stakeholders. - Business Climate Benchmarks
Using local economic assessments and benchmarking, we help municipalities gain insight into their economic landscape and identify areas for improvement. - Bankable Project Pipelines
We support the development of strong project proposals to help local governments secure external financing from international institutions and private investors.
Scalable and locally adapted
By standardizing toolkits and methodologies, VNG International ensures the consistent application of best practices while allowing flexibility to adapt to each local context. This enables the development of resilient and inclusive local economies that support long-term sustainable growth.
Below two publications offer all those interested a spectrum of ideas and we hope will serve as a source of inspiration.