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COVER STORY

Vietnam’s Human Resources

Market Overview

Number of businesses Vietnam’s ranking in Annual Mastercard
owned by women in Vietnam Index of Women Entrepreneurs (MIWE)

23.8 26.5% Year Percentage Ranking
24%
2019 64.4% 18
22.4
22
2020 63.9% 25
-0.8 compared 7 compared
2016 2017 2018 2019 2020 to 2019 to 2019

Vietnam’s ranking in various categories

A category in the MIWE that measures women’s progress and
9th in Women’s the degree of marginalization they face economically and
Advancement Outcomes
professionally as business leaders, professionals, entrepreneurs,
and workers.

19th in Knowledge Assets and Vietnam does better in this category, which measures women’s progress
and the degree of marginalization they face commercially as nancial
Financial Access customers and academically in terms of access to tertiary education.

This indicates that women in the country receive better support
7th in Supporting mechanisms to enable entrepreneurs to thrive, propelled by
favorable conditions like a high ease of doing business rating,
Entrepreneurial Conditions
good quality governance, and suitable sociocultural conditions.

The recent UNDP Human Development
Index Updates for 2020 estimate that
for the rst-time since the Index was
introduced 30 years ago, poverty has
been increasing globally.

Individuals affected the most: $5 million offered as a grant by the Asian

Development Bank (ADB) to support women-led small and
medium-sized enterprises (SMEs) hurt by Covid-19.
The lender aims to incentivize banks to restructure existing
OPEN
loans or extend new loans to at least 500 women-led SMEs
in Vietnam.
Five banks - ACB, BIDV, SHB, TPBank, and VPBank -
Women-led Micro/small businesses Female are competing for the grant by nding eligible businesses
households (esp. the informal sector) migrants to fund on a rst-come, rst-served basis
Source: VCCI, Mastercard Index of Women Entrepreneurs, UNDP, ADB, VET Research

12 | VIETNAM ECONOMIC TIMES | MARCH 2021