Decree on establishing social businesses issued

02:10, 26/10/2015

The Government encourages and facilitates organizations and individuals' establishment of social businesses to address social and environmental issues for the sake of the community, according to a Decree defining some articles of the Law on Enterprises.

 

Illustration photo
Illustration photo

The Government encourages and facilitates organizations and individuals' establishment of social businesses to address social and environmental issues for the sake of the community, according to a Decree defining some articles of the Law on Enterprises.

The social businesses will enjoy investment incentives and support as regulated. They will receive foreign non-governmental aid to address social and environmental issues.

The aid will be in the form of assets, finance or techniques from foreign and domestic individuals, agencies and organizations which have registered to operate in Viet Nam.

Social businesses have to announce commitments to realizing social and environmental tasks on the National Business Registration Portal.

(Source:VGP)