After the preparation process (from 2006), SIFE - Students In Free Enterprise Vietnam was officially licensed  for operation by PACCOM and released in HCM City  Economics University on May 21st. Kinh Do was honored as one of the first four main sponsors of SIFE Vietnam (other sponsors are KPMG, PepsiCo Indochina and HSBC).

SIFE is a non-governmental organization operating in the field of education, support for students in more than 1,400 universities in 40 countries. SIFE makes the goal partnership establishment between businesses and universities, helping students discover their full potential and become the best leaders through creating the economic opportunities for their communities.

Speaking at SIFE Vietnam opening ceremony, Mr. Le Phung Hao - Vice Director of Kinh Do Corporation stressed: " Kinh Do Corporation took part in sponsoring for SIFE Vietnam which showed their social responsibility, particularly for education career and develop Vietnam's young talents .Through sponsored for SIFE Vietnam, Kinh Do contributed and wished to have a fair play for international students in Vietnam as well as other countries, facilitate the development of the outstanding talents in Vietnam, help the students gain knowledge, experience and practical experience to compete on par with students in SIFE World Cup. "

At the opening ceremony, SIFE Vietnam has officially introduced the pioneers setting up the company and advisory board as follows:

It is known that our partners are enterprises and universities, SIFE establishes the teams led by a scientific advisory council and build community project development with 06 educational criteria namely the market economy, successful skills, business evaluation criteria, sustainability in environment and criteria on business ethics compliance. The members of SIFE team are based on their knowledge, professional support of scientific advisory board and resources of organizations to implement projects which can create real economic opportunities in the community.

Up to May 21st, there were eight universities enrolling SIFE Vietnam and it is expected to attract the participation of many universities nationwide. With the support of the scientific advisory board and the guidance of members of the business advisory board, SIFE teams have implemented numerous projects to help create economic opportunities for the community.

SIFE teams will present their achievements of the project and compete to pick out the most successful team in creating real economic opportunity for the community at SIFE National Competition scheduled to take place on August 7th in Ho Chi Minh City. The champion will represent for Vietnam to have competition with other SIFE teams at SIFE World Cup 2009 in Germany in early October 2009.

At the opening ceremony, SIFE teams of universities in Ho Chi Minh City were very confident and very excellent in foreign languages while introducing briefly about their projects such as project supports for economic knowledge economy and boosting Cham Brocade production in Binh Thuan province (SIFE- Ho Chi Minh City Vietnam Economic University), the project helped train the organizing skills for small business enterprises for Students at hairdressing classes in Thang Long Vocational Training School (SIFE RMIT University ) ...

Let's wait and see their exciting competition in SIFE National Competition that will take place on August 7th in Ho Chi Minh City.