Title Page
ABSTRACT
Contents
ABBREVIATION 12
CHAPTER I. INTRODUCTION 13
1. Rationale 13
2. Aim and Scope 17
3. Research methodology 18
4. Structure of thesis 19
CHAPTER II. SOCIAL ENTERPRISES IN VIETNAMESE 21
1. Overview of Vietnam legal framework on social enterprises 21
2. Purpose and limitation of the current regulation on social enterprise in Vietnam 21
3. What is "social enterprise"? 23
4. Definition and characteristics of social enterprise under Vietnam law 24
4.1. Definition of social enterprise in Vietnam 24
4.2. Formation of social enterprise in Vietnam 25
4.3. Characteristics of social enterprises in Vietnam 29
5. Conditions of establishment of social enterprises 32
5.1. Firstly, social enterprises are registered in accordance with VLE 2014 32
5.2. Secondly, the enterprise's objectives are to resolve social and environmental problems, or to serve public interests. 33
5.3. Thirdly, at least 51% of annual profit is used for reinvestment in order to serve the social, environmental purposes as registered. 34
6. Policies on supporting social enterprises 36
7. Evolution of social enterprise in Vietnam after regulating officially under Vietnamese Law on Enterprises 39
8. Conclusion 41
CHAPTER III. SOCIAL ENTERPRISES IN THE UNITED KINGDOM 45
1. Definition and characteristics of social enterprise 48
1.1. Definition 48
1.2. Characteristics 48
2. Condition of establishing CIC 52
2.1. Registration procedure of CIC 53
2.2. Commitment for implementing social objectives 56
2.3. Asset lock 59
2.4. Profit distribution 62
3. Supporting policies of Government for social enterprises 63
3.1. Policies on support of the UK Government 63
3.2. The Main supporting policies 67
4. Conclusion 77
CHAPTER IV. SOCIAL ENTERPRISE IN SOUTH KOREA 82
1. The formation of social enterprises in South Korea 82
2. Definition and characteristics of social enterprise 83
2.1. Definition of social enterprise 84
2.2. Characteristics of social enterprise 85
3. Conditions to be recognized as a social as a social enterprise in South Korea 86
3.1. The organizational type 87
3.2. Business activities of social enterprises 88
3.3. Social purposes 88
3.4. Decision making structure 91
3.5. Regarding the revenue generated through business activities 92
3.6. Building a specific charter for social enterprises 94
3.7. Regarding the reinvestment of profits for social purposes 95
4. Annual financial reporting obligation 97
5. Recognition of South Korea social enterprise 98
6. Supporting policies of Government for social enterprises 99
6.1. Conditions for enjoying supporting policies 99
6.2. Supporting policies 100
7. Conclusion 106
CHAPTER V. PROPOSALS FOR THE REGIME OF SOCIAL ENTERPRISE UNDER VIETNAM REGULATION 111
1. Resolving the contradiction in the provisions between the Civil Code 2015 and Vietnamese Law on Enterprises 2014 112
2. Recognizing social enterprises 117
3. The organizing models of social enterprises 119
4. Determine specific social objectives 122
5. Supplement and specify other investment incentives for social enterprises 124
6. Creating a Financial Intermediary Fund 125
7. Conclusion 127
CHAPTER VI. CONCLUSION 129
REFERNCES 133