As many as 59 per cent of social enterprises will stop support for disadvantaged group to ensure its business for survival if the global COVID-19 pandemic last until September this year.
Viet Nam has issued a number of policies to support the business sector to social impact, however, these policies need to be complemented by activities to promote implementation.
Cricket One from Viet Nam was listed among top social enterprises winning the Young Social Entrepreneurs (YSE) 2018 in Singapore, with an award of up to SGD20,000 (US$14,500) to further boost their business.
The Centre for Social Initiatives Promotion on April 8 launched a technical and financial support programme to assist in innovating civil society organisations following the social enterprises model.
Social enterprises in Viet Nam are hoping to be recognised for what they
are doing now, said Nguyen Dinh Cung, acting president of the Central
Institute for Economic Management.
Creating a specific legal framework for the operation of social
enterprises was necessary to enable this sector''s effective contribution
to Viet Nam''s socio-economic development, a seminar held at the Central
Institute for Economic Management (CIEM) heard on Tuesday.