The Government has just approved the program 'Supporting private enterprises to do sustainable business'.

The overall objective of the Program is to sustainably develop private sector enterprises, ensuring a close, reasonable and harmonious combination between economic efficiency and social responsibility, protecting natural resources and the environment, contributing to the completion of Vietnam's 17 sustainable development goals by 2030.

Mobilizing social resources, gradually developing an ecosystem to support sustainable businesses, actively contributing to job creation, improving living standards for low-income and disadvantaged people, protecting the environment and responding to climate change in Vietnam.

Support about 10,000 businesses to develop sustainably

The program strives to raise awareness of the private business community about the role, significance and importance of sustainable business by 2025; train and raise awareness and qualifications of cadres, civil servants and public employees to meet the needs of support, consultancy and management on sustainable business.

Businesses in Nghe An struggle to overcome the Covid-19 pandemic. Photo: Nghe An Newspaper

Support the development of at least 10 tools and solutions to measure, evaluate and recognize sustainable businesses; thereby supporting about 10,000 private sector businesses to conduct sustainable business; contributing to achieving energy savings of 5.0 - 7.0% of total national energy consumption; increasing average labor productivity by about 7%/year.

Forming a database and developing an ecosystem to support sustainable business operations.

Build typical successful sustainable business support models to spread and encourage businesses to develop sustainably; attract legal resources, especially from the business community to implement initiatives towards sustainable business.

Scope and Object

The "Program to support private sector enterprises in sustainable business for the period 2022 - 2025" will be implemented nationwide from 2022 to 2025.

The target is private sector enterprises that conduct sustainable business (sustainable business enterprises).

Organizations promoting sustainable business development: research institutes, universities, public service units, enterprises, and organizations with legal status that carry out activities to support and promote sustainable business enterprises.

Ministries, central agencies; People's Committees of provinces and centrally run cities (provincial People's Committees) and affiliated units; associations are assigned to carry out the Program's activities.

The program will implement three main activities: Developing an ecosystem to support sustainable business; supporting sustainable businesses; and program management activities.

Support businesses in building sustainable business strategies and plans

Enterprises assessed and recognized as sustainable businesses are supported with the following contents:

- Consulting and training support, including direct training activities at enterprises on strategy building, model design, sustainable business plans; human resources; finance, production, sales, market, internal management and other contents related to the production and business activities of enterprises.

- Support for in-depth training and coaching domestically and internationally on applying and developing sustainable business models.

- Technology support includes: searching, selecting, decoding and transferring technology suitable for businesses; applying technical standards and regulations; costs of inspection, calibration, testing, and measurement of product and service quality; intellectual property consulting, exploitation and development of intellectual property; consulting on choosing digital transformation solutions.

- Support costs for renting and purchasing digital transformation solutions; testing and perfecting products and sustainable business models.

- Support consulting on financial access and investment capital calling.

- Support in communication, trade promotion, market expansion for sustainable business products and services of enterprises: support for successful registration of accounts to sell products and services on international e-commerce platforms; support for costs of maintaining accounts on domestic and international e-commerce platforms; support for costs of renting locations, designing and setting up booths, transporting displayed products, travel expenses, food and accommodation expenses for business representatives participating in domestic and foreign trade fairs and exhibitions.

Sustainable business enterprises are small and medium-sized enterprises that are supported by the state budget to implement the above contents according to the highest support level prescribed in the Law on Support for Small and Medium Enterprises and the decrees guiding the Law.