24% of Vietnamese businesses owned by women
Vietnam has the highest proportion of women-owned business in Southeast Asia, with 285,700 units.
 |
According to the report “Doing business in Vietnam: Perspective of women-owned enterprises” by Vietnam Chamber of Commerce and Industry (VCCI), by the end of September 2019, the country had more than 285,700 women-owned enterprises, accounting for 24%. This is the highest rate in the Southeast Asia region. However, most of these enterprises are small and micro business, operating primarily in the service sector.
According to VCCI, the number of women-owned business tends to increase. In 2016, Vietnam has only 22% of woman-owned business. However, this figure still fails to meet the target: 30% women-owned enterprises by 2015 and 35% by 2020.
The interest rate in a female-owned enterprise is 64% and higher than the 63% in a male-owned enterprise. The challenges facing female business owners include accessing resources, information, knowledge, skills and business networks.
Tags:
Most read
Related Stories
Viet's Home
American Program Empowers Female-led Businesses in Vietnam
The final round of the "Entrepreneurship Challenge", hosted by the Women's Initiative for Startups and Entrepreneurship (WISE) with support from the U.S. Mission to Vietnam, took place at the American Center Hanoi (AC) on April 17.
April 21, 2023 | 09:43
Women in Business
Standard Chartered Vietnam supports women-owned businesses
Standard Chartered Bank Vietnam (Bank) and Vietnam Women Entrepreneurs Council (VWEC) of Vietnam Chamber of Commerce and Industry (VCCI) signed a Memorandum of Understanding on the implementation of the financial assistance program for women-owned businesses on June 8 in Hanoi.
June 11, 2020 | 16:15
Recommended
Women in Business
What is the factor that helps Number 1 Soya Calcium maintain its appeal?
Raw materials and production technology are two key elements that determine the quality and value of nutritional beverages. Having been a companion to Vietnamese consumers for over two decades, and nearly three years since introducing a new version, the soy milk branded "Number 1" continues to retain its popularity among Vietnamese consumers.
September 10, 2024 | 22:11
Women in Business
Inner Health, Outer Glow: The Modern Woman's Guide to Beauty
In the daily routine of health and beauty care, modern women are increasingly focusing on solutions that foster inner wellness and enhance their appearance. Women are gradually recognizing that true beauty originates from the inside and is the foundation of lasting elegance.
September 10, 2024 | 14:33
Women in Business
“Amplify” inner beauty and outer sparkle with Number 1 Soya Calcium
Recently, Number 1 Soya Calcium has officially introduced a new slogan, "Brighten from from the inside, shine on the outside." This message has garnered significant consumer interest, emphasizing the brand's commitment to support modern women in nurturing their health and beauty from within.
September 08, 2024 | 23:36
Women in Business
Remarkable Willpower of a 9X Man who Conquer Destiny to Spread Love
Despite enduring 24 surgeries and multiple life-threatening situations, Nguyen Tai Nam, the leader of a volunteer group named Ea Kao - Loving Arms in Buon Ma Thuot, Dak Lak, continues to defy fate. Each day of his life is another opportunity for Nam to add value to the community with significant work.
September 08, 2024 | 20:08
Popular article
Women in Business
Story of "Swimmer" Nguyen Thi Sa Ri's Will to Live
Despite growing up with disabilities in both legs, Nguyen Thi Sa Ri did not give in to her circumstances but instead worked to surmount them, becoming a beacon of positivity for many. She is a highly accomplished athlete on the Vietnam National Swimming Team and also teaches complimentary classes in her native Long An.
September 06, 2024 | 14:16
Women in Business
Soy Milk: The Secret of Beauty
Contemporary women boldly pursue beauty techniques to enhance their confidence and radiance. Nonetheless, true beauty is a sustained journey that begins with establishing a base of health through a well-nourished, robust body.
August 24, 2024 | 17:11
Women in Business
Redirecting Fate: How Disabled Vietnamese Improve Their Lives Through Hard Work
With unwavering spirit, these characters overcame physical limitations to not only find their place in the world but also uplift others through employment and community service.
August 18, 2024 | 15:50
Women in Business
Tan Hiep Phat Continues its Journey to Pay Gratitude with "Back to the Roots" Program
The People's Army Newspaper recently hosted the "Back to the Roots" program, featuring meetings, discussions, and gift-giving to honor generals, heroes of the People's Armed Forces, individuals with meritorious service, and those in need, as well as outstanding students in Tam Kim and Hoa Tham communes of Nguyen Binh district. The event saw the participation of various businesses, such as the Tan Hiep Phat Company.
August 17, 2024 | 14:18