https://www.britishcouncil.vn/sites/default/files/social-enterprise-in-vietnam-concept-context-policies.pdf
Name: Hoang Thi Thai Ngan 015
SUMMARY
Social Enterprises have been formed from social initiatives, based on the need to address specific social issues of the community and led by entrepreneurial spirit of the founders. This unique dynamism and dynamic character leads to a public perception of the dynamic development of social enterprises. Up to now, nearly 200 organizations in Vietnam are considered to have attached the full features of social enterprises; the pioneering social organization was established in 1990, however, the concept of social enterprises is still very new in Vietnam.
Social enterprises are often recognized as “hybrid” models between two types of non-governmental organizations, non-profit organizations and enterprises. In fact, the Social Enterprise model can be applied to different types of organizations with different legal status, such as NGOs, limited companies, share companies, cooperatives, foundations, unions.
In the period before “Doi Moi”, Vietnam already had a number of models that could be regarded as social enterprises, which were cooperatives providing jobs for people with disabilities. After 1986, the renewal and open-door policy of the development within and outside the country.
Social enterprises in Vietnam face many difficulties due to limited public awareness official recognition from the state, lack of clear legal regulations, limited human resources, accessibility capital, management skills, community cohesion, as well as a system of intermediaries to provide support services and networking …
Social enterprises can help the Government achieve social goals. The promulgation of the law establish legal framework, formally recognize and issue specific policies to encourage and supporting social enterprises, as well as institutionalize the implementation of such policies is extremely necessary.
Personal analysis
There are four development trends in this article and I found NGOs trend is really interest. It associate with business arms to give more social value.
REACH is a local, VNese, non-government organization which was established in 2008, specializing in vocational training and employment for VN’s most disadvantage youth. They use an innovative, highly pragmatic and effective training model. In 2016, they have trained over 1000 students, with nearly 90% of their graduates obtaining and keeping a stable job within 6 months.
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