Phan Đức Hiếu. — Photo daibieunhandan.vn Việt Nam has witnessed the rise of companies which place social impacts over financial gains. However, The awareness of the Government and community about social enterprise remains limited. Phan Đức Hiếu, deputy head of the Central Institute for Economic Management talks to Nhân dân (People) newspaper about the new business model. Social enterprises are growing in Việt Nam. As an economist, how do you evaluate the model and its potential? The mission of most social enterprises in Việt Nam is to create jobs. They support vulnerable people, while empowering women and young people. Nearly half of leaders at social enterprises are women, higher than the percentage at small and medium enterprises (37 per cent). Việt Nam is witnessing a rising number of social enterprise start-ups – 35 per cent of surveyed companies have come into operation since 2015 and been led mostly by young people. Many social enterprises are SMEs, 40 per cent of them have revenue under VNĐ1 billion (US$43,100) and one-third of them have revenue under VNĐ5 billion ($216,000). It is positive that most Vietnamese social enterprises are profitable in 2018, accounting for more than 60 per cent. Up to 6 per cent… Read full this story
- Namibia: Need for Minimum Wage for Graduates
- Laurene Powell Jobs charts a path to philanthropy and social change
- Startup Huddle To Launch in St. Lucia
- Gambia: Border Surveillance in Place for Ebola Preparedness, Protection
- Africa: Opportunities for Manufacturers in Africa
- Techsauce Global Summit 2018 to bring global tech leaders together
- Kenya: Diaspora Kenyans to Put Up Mega Project in Taita Taveta
- Kenya Searches for 'First Woman President'
- Africa: Apple Bans Cryptocurrency Mining Apps On iOS to Protect Mobile Users
- Africa: Meet the Five Teams Hoping to Change Africa's World Cup Story
Social enterprises in need of an ecosystem: expert have 285 words, post on vietnamnews.vn at October 14, 2019. This is cached page on VietMaz. If you want remove this page, please contact us.