After three months of implementation, the “Social Impact Business (SIB) Support Package to Respond to Covid-19” has selected 29 SIBs in the agriculture and tourism sectors for support over six months and granted them VND100 million ($4,275) each to test and perfect innovative business models and replicate the potential social impact.

Social impact businesses are receiving major attention around the world and having a positive effect both economically and for the community. In Vietnam, however, the field is still to develop and support policies remain incomplete. Startups and businesses in the field need not only capital support but also technical support.