CORNING, J., 2004. Financial sustainability of a newly formed enterprise: a case study in Vietnam. IN: Godfrey, S. (ed). People-centred approaches to water and environmental sanitation: Proceedings of the 30th WEDC International Conference, Vientiane, Laos, 25-29 October 2004, pp. 245-248.
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.