To 2030: Offer supports for 300 youth-owned cooperatives

The Prime Minister issues the Decision No. 897/QD-TTg on approving the “Youth Entrepreneurship Support (YES)” program in the 2022 - 2030 period. This Decision is on the signing date.

According; the specific objectives in Phase 2 are as follows:

- 100% of Ho Chi Minh Communist Youth Union staff who are full-time in charge of supporting youth in entrepreneurship at all levels are trained in basic knowledge about entrepreneurship and youth entrepreneurship support;

- Offering at least 12,000 young people entrepreneurship support, including 2,000 young people engaged in innovation; offering support for the establishment of 300 youth-owned cooperatives.

*To 2030: Offer supports for 300 youth-owned cooperatives (Illustration)*

Besides, the program’s source of funds includes:

- State budget allocations specified in annual budget estimates of the central committee of the Communist Youth Union of Ho Chi Minh, central and local authorities according to the current budgetary lines;

- Integrated funds derived from programs and projects approved by competent authorities.

- International financial aid and grants and public contributions prescribed by laws; other legal funds.