Vietnam has worked to help women start their business. (Photo: VNA) Hanoi (VNA) – Vietnam has been in the world’s top 10 countries havingthe highest share of senior female managers in recent years, which demonstratesfemale entrepreneur’s management capacity and gender equality in businessestablishments.
International Business Reports from Grant Thornton, a leading independentassurance, tax and advisory firm, showed that Vietnamese women hold 37% ofsenior management positions in 2019, and the figures in 2021, 2022, and 2023were 39%, 33%, and 34%, respectively, much higher than the world and theAsia-Pacific’s levels.
The report in 2023 revealed that the top two roles of Vietnamese women inbusinesses were Human Resources Director (61%) and Chief Finance Officer (44%).
Women own 20-24% of the 900,000 enterprisesin the country.
Up to 68.6% of female entrepreneurs holdgraduate degrees and master's degrees on business administration as compared to the 71.9% of businessmen.
However, due to socio-cultural barriers, most of the women-led businesses areoperating in a small scale and in labour-intensive sectors. Additionally, low adoptionrate in advanced technologies have led to low profit in the enterprises, andmake it hard for the firms to stand up to economic turbulences.
In Vietnam, it is much harder for women to start their business than men sincethey have less access to financial support and concessional loans. Statisticsshowed that only 37% of the women-led small- and medium-sized businesses are able toget loans while the figure is 47% for men-owned firms.
Along with gender norms and limited access to resources, many women lack skillsand knowledge of corporate governance, human resources, finance and marketing.
Over the past time, a multitude of policies, legal regulations and programmesto support women’s startup have been launched. However, in order to helpwomen score further successes, specific measures should be outlined by theGovernment, competent organisations and the whole society.
Nguyen Thi Thanh Tam and Trinh Thi Nhuan, lecturers from Thuong Mai University,suggested the Vietnam Women’s Union roll out financial and non-financial support towomen’s startup and sustainable development.
Administrative reforms should be promoted to reduce business procedures and training courses organised to improve women’s capacity, they added./.
International Business Reports from Grant Thornton, a leading independentassurance, tax and advisory firm, showed that Vietnamese women hold 37% ofsenior management positions in 2019, and the figures in 2021, 2022, and 2023were 39%, 33%, and 34%, respectively, much higher than the world and theAsia-Pacific’s levels.
The report in 2023 revealed that the top two roles of Vietnamese women inbusinesses were Human Resources Director (61%) and Chief Finance Officer (44%).
Women own 20-24% of the 900,000 enterprisesin the country.
Up to 68.6% of female entrepreneurs holdgraduate degrees and master's degrees on business administration as compared to the 71.9% of businessmen.
However, due to socio-cultural barriers, most of the women-led businesses areoperating in a small scale and in labour-intensive sectors. Additionally, low adoptionrate in advanced technologies have led to low profit in the enterprises, andmake it hard for the firms to stand up to economic turbulences.
In Vietnam, it is much harder for women to start their business than men sincethey have less access to financial support and concessional loans. Statisticsshowed that only 37% of the women-led small- and medium-sized businesses are able toget loans while the figure is 47% for men-owned firms.
Along with gender norms and limited access to resources, many women lack skillsand knowledge of corporate governance, human resources, finance and marketing.
Over the past time, a multitude of policies, legal regulations and programmesto support women’s startup have been launched. However, in order to helpwomen score further successes, specific measures should be outlined by theGovernment, competent organisations and the whole society.
Nguyen Thi Thanh Tam and Trinh Thi Nhuan, lecturers from Thuong Mai University,suggested the Vietnam Women’s Union roll out financial and non-financial support towomen’s startup and sustainable development.
Administrative reforms should be promoted to reduce business procedures and training courses organised to improve women’s capacity, they added./.
VNA
