Last updated: Tuesday, April 23, 2019


Empowering Women Entrepreneurs to Succeed in Digital Economy

Posted: Monday, October 29, 2018

The Vietnam Women Entrepreneurs Council (VWEC) under Vietnam Chamber of Commerce and Industry (VCCI), with support from Facebook, held the “Women Entrepreneurs Forum: Key to success in the Digital Age” in Hanoi on 26 October.

As part of Facebook's #SheMeansBusiness initiative in Vietnam, organised by VWEC, the Forum brought together speakers and attendees to discuss how to create more empowerment environment for women entrepreneurs looking to gain the digital marketing skills they need to start and grow a business online.

Statistics from the Vietnam Association of Small and Medium Enterprises (VINASME) shows that SMBs, including micro enterprises, contribute 45 percent to the country's gross domestic product (GDP), and account for nearly 98 percent of total businesses. A study conducted by Development Economics and YouGov on behalf of Facebook, reveals that 4 in 5 women in Vietnam would like to start a business. If only half of these women were empowered to start a business today, it would not only boost economic growth, but also help to build 1.1 million new businesses, and create 3.9 million additional jobs – all by the end of 2021.

At the event attended by more than 300 delegates and entrepreneurs, guest speakers included Mr Hoang Quang Phong, Vice President of Vietnam Chamber of Commerce and Industry (VCCI); Ms. Nguyen Thi Tuyet Minh, Chairwoman of the Vietnam Women Entrepreneurs Council (VWEC), VCCI; Madam Pham Chi Lan, Economic Expert, Former Vice President of VCCI; Ms Bui Thu Thuy, Deputy Director General of Enterprise Development Agency, Ministry of Planning and Investment; Ms Tran Thi Hong Lan, Deputy Director of State Agency for Technology Innovation Ministry of Science and Technology; Ms Cao Thi Ngoc Dung, Chairwoman, Women Entrepreneurs Association in Ho Chi Minh City (HAWEE); Ms Mai Thi Thuy, Chairwomen of Hanoi Women’s Association of Small & Medium Enterprises (HAWASME) and policy researchers, Mr Nguyen Quang Dong, Director of Institute for Policy Studies and Media Development (IPS) and Mr Phan Duc Hieu, Deputy Director of Central Institute for Economics Management (CIEM), and many others.

Speaking at the Forum, Mr Hoang Quang Phong, Vice President of Viet Nam Chamber of Commerce and Industry stated: “Industry 4.0 is a great revolution that requires the active roles of all levels, sectors, businesses, especially women. Technology solutions and smart applications give women entrepreneurs the ability to overcome barriers embrace business opportunities to succeed”.

According to Mrs Nguyen Thi Tuyet Minh, Chairwoman of VWEC cum Vice President of Central Council of the Vietnam Business Associations, women face challenges in the Industrial Revolution 4.0 but if they actively learn and embrace the technology, they would grasp the opportunities to start their own business and run their business effectively with low cost by leveraging technology solutions.

"After just one year of Facebook's #SheMeansBusiness initiative in Vietnam, we have seen how technology has opened up a world of opportunities for women business owners across the country. We appreciate the partnership and support from Facebook in leveraging the power of technology to remove barriers for women and to create a community and network for women entrepreneurs,” said Mrs Minh.

Beth Ann Lim, Head of Community Affairs, APAC, Facebook said: “Small businesses are the backbone of the Vietnamese economy and our goal is to help women business owners embrace business opportunities to support themselves, their families and communities to contribute to the country's growth. Following the launch of #SheMeansBusiness in Vietnam last year, and our latest effort with VWEC, nearly 3,000 women have gained digital marketing and business skills through 41 workshops across 25 cities in Vietnam. We remain committed to helping more women entrepreneurs prosper in Vietnam and aim to inspire more women in Vietnam to start their own businesses.”

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