Government to support 10,000 private businesses for sustainable development

The government will support around 10,000 private businesses in their sustainable development

The government has issued a support programme, whose major objective is to boost private businesses' sustainable development in harmony with economic interest and cooperate social responsibility as well as environmental protection, thus contributing to completing the 17 Sustainable Development Goals laid out by the UN in 2030.

In 2025, the government targets to support at least 10 tools and solutions to measure, evaluate, and recognise sustainable businesses. These tools will support about 10,000 private enterprises, helping to reach the target of saving 5-7 per cent of total power consumption of the country and raising labour productivity by about 7 per cent annually.

The enterprises, which are recognised as sustainable businesses, will be supported as follows:

They will be assisted with consultants and trained about building sustainable business and manufacturing plans, as well as talent training courses. Besides this, they will have the opportunity to join deep training courses overseas about how to build and implement a sustainable business model.

Enterprises will also receive technical support, technology transfer, consultancy about copyright, and support in terms of digital transformation. They will be sponsored the costs for hiring or buying technology solutions.

Another target of the programme is to support enterprises to approach financial resources and investment funds.

Last but not least, enterprises will be supported in terms of telecommunication, trade promotion programmes, and expanding their distribution channels.

Research institutes, universities, firms, and legal entities will all play in role in supporting and promoting the development of sustainable businesses.

Finally, ministries, central agencies, People's Committees of provinces and cities of the first level of administrative division will be tasked with deploying the programme’s activities.