On the afternoon of October 22, 2024, in Hanoi, the Vietnam - Singapore Friendship Association, with the backing of Vietcombank, hosted a ceremony to announce a program designed to support innovative social enterprises.

Mr. Vu Viet Ngoan, Chairman of the Vietnam - Singapore Friendship Association, delivered the opening speech

The program to support innovative social enterprises is founded on the Letter of Intent signed in 2022 between the Vietnam - Singapore Friendship Association and the Singapore International Fund, in the presence of senior leaders from both countries during the President of Vietnam's visit to Singapore.

The program aims to assist startup social enterprises by utilizing mobilized funds to provide advisory services, training, and sponsorship. It seeks to help these enterprises implement technical innovations, adopt new technologies, enhance organizational and production capabilities, and improve human resources and corporate governance. Additionally, it strives to develop a startup ecosystem, boost innovation capacity, and facilitate digital transformation in business activities, in alignment with the strategic direction of the Party and State of Vietnam.

Delegates gathered at the Launching Ceremony for the Program to Support Innovative Social Enterprises

In 2024, the program will feature three training initiatives, including direct training sessions and several online programs tailored for selected social enterprises. Funding for the program will come from various organizations and individuals, with contributions from Vietcombank included.

Delegates cut the ribbon to announce the program to support innovative social enterprises

Delegates visit booths displaying products of social enterprises

Mr. Le Hoang Tung - Deputy General Director of Vietcombank (2nd from left) participated in the discussion

At the discussion program within the framework of the Announcement Ceremony, Mr. Le Hoang Tung - Deputy General Director of Vietcombank shared the story of Vietcombank's successful lessons in governance, building development strategies and branding, shared Vietcombank's interest in innovation and creativity and suggested some solutions to accompany and support innovative social enterprises to develop and stand firm in the market to promote their mission of serving the community.

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