Social entrepreneurship takes root though Vietnam still not affluent

Despite a pervading sense of materialism typical of a developing economy, social entrepreneurs are finding fertile ground in Vietnam.

Indeed, according to a 2019 survey commissioned by the British Council, the seeds of social enterprise were sown here in three phases: before 1986 by collectively owned cooperatives serving disadvantaged communities, from 1986 to 2015 by foreign-funded NGOs and from 2015 when social enterprises were legalized.

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Linh Do