Be promoted to deploy from the beginning of the first quarter of 2021, up to now, the study “Investigation of the businesses’ willingness to fund the Vietnam Wildlife Conservation Fund in Da Nang city, Viet nam has been completed. This is a solid foundation in the process of the Conservation Fund project, co-funded by the Delegation of the European Union to Vietnam.
Be conducted based on the results of consultations with more than 220 businesses and in-depth interviews with 20 enterprises representing the Da Nang community, the research on the contribution of Da Nang businesses works comprehensively. It is also monitored during the process to ensure the quality of implementation.
Optimistic parameters of willingness to contribute
According to the research report , the project’s financial mobilization goal is highly feasible when up to 74% of enterprises participating in the survey are willing to contribute to the Vietnam Wildlife Conservation Project through the applicable form of donations The calculated average contribution is 2,897,500 VND with results gathered as below:
- 98.2% of enterprises said that the environmental protection and conservation of plant and animal species are very important and/or important. 80% of enterprises are interested in and expect more relevant information.
- 55.5% of enterprises responded that a Conversation Fund (CF) is necessary because it is time to proactively finance activities for nature conservation and environmental protection in Vietnam. 32.7% of them responded that the Fund is good as it acts as a third-party connecting donors with CSOs, individuals and communities in nature conservation. 6.4% do not believe that the nature CF can be successful in Vietnam,
- 76.4% of social sponsorship activities of Danang enterprises have been set up towards emergency relief activities (e.g. Floods, Diseases) with 85.9% for benefiting the community.
- 13% (30 businesses) already have CSR or CSV or Sustainability components/programs. 45% of enterprises confirmed that their production and business activities are very not related to the environment and natural resources.
Barriers between enterprise and conservation
The Research leader, Master Hoang Van Chuong said: “Through this study, in addition to show the technical parameters of the contribution level of enterprises, we also study the factors affecting the business management, which we consider to be the key to determining future contributions to the Conservation Fund.”
- 50% of respondents said that conservation information is available but not updated, poor, not interesting. 29% of businessmen who joined the survey claimed that there is almost no conservation information or those which is difficult to access.
- Up to 32 enterprises (accounting for 56%) responded that their enterprises did not have funds for this activity. 13 enterprises of the C&I sectors do not agree to contribute to the CF. Up to 10 enterprises (accounting for 77%) responded that the reason for not contributing was lacking the budget for community activities. Approximately, 60% of enterprises which are under 10 years of operation responded that they do not WTP to the CF due to funding barriers.
- 22 enterprises (accounting for 49%) said that the reason they do not WTP for the CF is they do not believe their money will be used for the right purpose. Interestingly, the larger the number of years established, the greater the proportion of firms that do not have trust in using money for the right purposes.
Opportunity for joining between business and conservation
Research has brought valuable results in identifying barriers between businesses and conservation activities. The removal of this barrier is an effort from CSOs and business. The joining hand from the private sector will bring new opportunities for biodiversity conservation activities.
Ms. Duong Thi Mai Ly- Coordinator of the Conservation Fund Project, said: “Through this research, we have a scientific foundation to identify the demand of businesses when participating in conservation activities. In the process of project implementation, we consider the relationship with businesses as cooperation for mutual development, not simply a one-way donation concept which used to be misunderstood before.”