Vietnam among top 20 in supportive entrepreneurial conditions for women, according to Mastercard index.
Vietnam has been listed among the Top 20 global markets for its conduciveness to female entrepreneurship, in the third edition of the Mastercard Index of Women Entrepreneurs report, which celebrates the markets where women entrepreneurs are most likely to thrive while sounding the alarm that there are still significant inequalities.
Vietnam ranked seventh in Women’s Advancement Outcomes. Women in Asia-Pacific continue to make strong strides forward in terms of their ability to thrive as business leaders or professionals, with four markets appearing among the top 10 globally: Vietnam, the Philippines (first), Thailand (fourth), and New Zealand (tenth).
Vietnam also ranked fifth in terms of Knowledge Assets & Financial Access. Women in Asia-Pacific are taking a prominent lead globally in their inclination to borrow or save to start a business, as well as their access to financial products and services and tertiary education.
Based on publicly available data from international organizations such as the International Labor Organization, UNESCO, and the Global Entrepreneurship Monitor, the global Index tracks the progress and achievements of women entrepreneurs and business owners in 58 societies (representing nearly 80 per cent of the world’s female workforce) across three components: Women’s Advancement Outcomes, Knowledge Assets & Financial Access, and Supporting Entrepreneurial Factors.
The results reaffirmed that women are able to make further business inroads and have higher workforce participation rates in open and vibrant markets like New Zealand, Singapore, and Australia, where support for small and medium-sized enterprises (SMEs) and ease of doing business are high. Women are also able to draw from enabling resources, including access to capital, financial services, and academic programs.