Financial sustainability of a newly formed enterprise: a case study in Vietnam

Financial sustainability creates economic viability and autonomy in operating enterprises. This paper shares the experiences of a newly formed Vietnamese sewerage and drainage enterprise in its effort to achieve financial sustainability through creation of viable revenue policy. The needs, planning and challenges faced in implementation of viable revenue policy are discussed within the Project objective of full cost recovery. The attainment of financial sustainability, through full cost recovery, will allow the new enterprise the freedom to determine the future of its budgetary and spending policy.