Vietnamese private businesses have established their own association in a bid to coordinate their efforts in performing a higher level of social responsibility to the nation.

Making its first debut at a congress in Hanoi on April 6, the association said private enterprises, mostly small and medium-sized ones, have constantly increased their contributions to the State budget even in a time when they were grappling with effects from the economic downturn in and outside the country.

According to the association’s statistic, private enterprises’ tax contribution to the state budget covers 36.1 percent in the banking, finance, insurance, and gold sectors, and 26.1 percent in the construction, property, and construction materials industries.

These figures reflect private businesses’ social responsibility is improving, and the firms are willing to joint efforts with the nation to weather difficulties lying ahead.-VNA