CMC President and more than 20 entrepreneurs contribute capital to establish a social enterprise

On 13 October, Mr. Nguyen Trung Chinh - Chairman of Board of Directors and Executive President of CMC Corporation, together with more than 20 entrepreneurs being members of Red Star Entrepreneurs Club contributed capital to establish Will To Live Joint Stock Company.

Will To Live Joint Stock Company is established as a social enterprise, with the goal of supporting people with disabilities and other vulnerable groups to get vocational training and find employment, thus contribute better to society.

"In 30 years of establishment and development, CMC has always proved to have a high sense of responsibility to the community through practical charity activities. CMC determines that its business development will be associated with responsibilities to society and community development, so as to truly contribute to building Vietnam into a powerful country. We hope that this social enterprise will help people with disabilities and vulnerable groups have stable employment and contribute positively to society," said Mr. Nguyen Trung Chinh.

Founders of Will To Live Joint Stock Company

The launching ceremony is attended by many members of Red Star Entrepreneur Club who are holding important positions at many large enterprises in Vietnam. Notable names include Mr. Nguyen Trung Chinh (Chairman of BOD/President of CMC Corporation), Mr. Nguyen Tuan Hai (Chairman of Alphanam Group), Mr. Dang Hong Anh (Vice Chairman of Thanh Thanh Cong Group), Mr. Nguyen Canh Hong (Vice Chairman of Eurowindows Holdings), Ms. Luu Thi Thanh Mau (General Director of Phuc Khang Corporation), Mr. Le Phung Thang (Chairman of Citicom), Mr. Pham Dinh Doan (Chairman of Phu Thai Group), Ms. Nguyen Duc Thach Diem (General Director of Sacombank), Mr. Nguyen Trung Vu (Chairman of CEN Group), etc. 

The predecessor of Will To Live Joint Stock Company is Will To Live Center, which was established by Ms. Nguyen Thi Van - a woman who is famous for rising above her disability. The center is active in supporting people with disabilities to fully integrate into society by providing IT and life skills training courses.

The company is committed to using the majority of its profits to support people with disabilities and vulnerable groups, of which its personnel is mostly comprised. In addition, profitable business activities will provide funding for training and career orientation centers for these groups of people.

The company's board of directors and advisory board are also announced at the launching ceremony. According to plan, in the first 5 years, Will To Live Joint Stock Company - Social Enterprise will manage and run about 10 to 20 Will To Live centers and business facilities in order to train and improve capacity, provide career guidance and create jobs for vulnerable groups of people. Later, it will expand the network of centers and facilities to all provinces and cities across the country.

"The company will improve capacity, provide career guidance and vocational training and create jobs for people with disabilities and vulnerable groups of people in a practical and effective manner. Thereby, we will help these groups of people live independently, fully and equitably enjoy all human rights, and create sustainable values for the community and society," said Ms. Nguyen Thi Van, Chairwoman of Board of Directors of Will To Live.

Ms. Nguyen Thi Van, Chairwoman of Board of Directors of Will To Live Joint Stock Company speaks at the event.

Initially, members' capital contribution will be used to pilot some models of training and vocational institutions for people with disabilities. After being trained, they will be directly involved in the production or trading of certain products. Moreover, they may have the chance to work at companies owned by members of Red Star Entrepreneurs Club.

When a model is perfected and generates revenue and profit, it will be replicated nationwide. The goal of Will To Live is to build about 10 to 20 centers across the country in the coming years.

Currently, Vietnam has about 6.2 million people with disabilities, accounting for more than 7% of population aged 2 and over. This is a vulnerable group of people who experience disadvantages in all aspects of social life.