When women mean business, society thrives

Update: November, 05/2017 – 09:00 vietnamnews
Watchful: Lê Nguyện (left) supervises the process of making dragonfruit wine at her co-operative in Bình Thuận Province. She wants to expand the co-operative to making dragonfruit juice as well, but like many other SMEs, lacks funds. Photo Courtesy of Lê Nguyện
Viet Nam News
Empowering female entrepreneurs is a no-brainer in the most important areas – employment generation and sustainable development; the evidence is that they are more responsible stewards, writes Thu Vân.

The sad, shocking sight of large amounts of dragonfruit being fed to cattle or left to rot on roadsides in many places smote her heart.

Lê Nguyện was also haunted by the fate of farmers in the southern province of Bình Thuận, a principal producer of dragon fruit in Việt Nam, as prices fell and they suffered huge losses in 2014 and 2015.

She thought about ways to redeem the situation and ensure it would not be repeated. She came up with the idea of establishing a co-operative to buy dragonfruit at a stable and reasonable price from local farmers, and to make wine with it as an added value product. Tiếp tục đọc “When women mean business, society thrives”

Vietnam prepares domestic trade strategy

Last update 09:56 | 05/05/2017

A strategy is being developed to promote domestic trade by 2025 with a vision to 2035.

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Consumers shop at Co.op Mart in Vinh Phuc Province. Viet Nam is developing a strategy to promote domestic trade. 

“The development of domestic trade lacks a comprehensive strategy despite its important role in the economy,” said Pham Nguyen Minh, Director of the Viet Nam Institute for Trade, at a workshop held yesterday to collect comments for the domestic trade development strategy by 2025.

Minh said special attention should be paid to developing supplying chains as well as infrastructure for goods circulation. Tiếp tục đọc “Vietnam prepares domestic trade strategy”

Vinaxuki’s demise reflects problems in economy

Last update 08:00 | 18/03/2017

VietNamNet Bridge – Ninety-six percent of Vietnam’s enterprises are small businesses, with the majority having 10 workers or less. Only 2 percent of enterprises are large in size, while another 2 percent are medium size. 

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Vu Thanh Tu Anh from Fulbright Economics Teaching Program (FETP), speaking at an international workshop on industry development in 2025-2035, emphasized the underdevelopment of supporting industries, saying this is a barrier that hinders the development of Vietnam’s industry.

The car maker Vinaxuki and other enterprises had to close because of the lack of supporting industries. Tiếp tục đọc “Vinaxuki’s demise reflects problems in economy”