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Tuesday, April 16, 2024

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Promoting female entrepreneurs: Creating a gender-responsive business ecosystem

      On July 24, 2023, in Hanoi, the Department of Enterprise Development (AED), Ministry of Planning and Investment coordinated with the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) organized a consultation workshop within the framework of the project "Promoting the development of female entrepreneurs: Creating a gender-responsive business ecosystem (CWE)". More than 60 delegates from international organizations (UN Women, ADB...), domestic agencies, female business associations, and business support organizations participated.

      The CWE project is funded by the Government of Canada with the goal of strengthening the start-up/business ecosystem that promotes women's entrepreneurship/business, increasing access to capital through innovative financing mechanisms and strengthen the capacity of female entrepreneurs to use information technology and telecommunications through the use of supporting tools and training in related fields.

Ms. Trinh Thi Huong, Deputy Director of Agency for Enterprise Development , Ministry of Planning and Investment - CWE Project Director.

      Speaking at the workshop, Ms. Trinh Thi Huong - Deputy Director of the Agency for Enterprise Development, Ministry of Planning and Investment said: In the Asia-Pacific region, business is one of the main ways to help women gain economic empowerment and help advance gender equality. This can create a "double effect" in terms of income, family welfare, poverty reduction and promotion of sustainable economic development.

      Ms. Sudha Gooty, CWE Project Manager, emphasized that the project is implemented within 6 years (2018-2024) with the goal of promoting women's entrepreneurship in the Asia-Pacific region through three pillars : (1) Policy and governance environment; (2) Innovative finance; (3) Information technology and business skills.

Ms. Sudha Gooty, Social Development Department, United Nations Economic and Social Commission for Asia and the Pacific, CWE Project Manager.

      In Vietnam, the CWE project began implementation in 2020. To date, the project has achieved many outstanding results. Dr. Duong Thi Kim Lien, national coordinator of the CWE project, shared that the project has organized many workshops for female entrepreneurs such as the workshop to build a network of experts to support female entrepreneurs: "Support to reduce pressure on women." force and spiritual encouragement for female entrepreneurs", technical workshop to support the Vietnam Women's Union in building a "Framework for monitoring and evaluating the results of development support activities of female-owned and female-owned SMEs". entrepreneurs in Vietnam", workshop on Assessing the Impact of the Law on Support for SMEs and guiding the implementation of Decree No. 80/2021/ND-CP.

      To carry out the above activities, many studies were also implemented such as Research to assess the impact of COVID-19 on SMEs, especially women-owned SMEs; Research and evaluate the impact of the Law on SME support on women-owned SMEs; Research barriers and opportunities for business development of ethnic minority female entrepreneurs and connect with a network of mentors for ethnic minority female entrepreneurs; Research the need for consulting on the application of agricultural technology innovation of women-owned SMEs and connect a network of technology advisors. Research to develop a "Framework for monitoring and evaluating the results of development support activities of women-owned SMEs and women entrepreneurs in Vietnam"...
      Training programs are also organized in many different provinces and cities such as: Training on IT application for women start-ups/women-owned SMEs/women-owned business households; Capacity building training for women-owned businesses and for policymakers/public servants on digital skills development and ICT-related issues.

Overview of the conference

      In particular, the information page about the Women Business Development Ecosystem is also built and operated methodically (we.business.gov.vn), to date it has more than 5.3 million views and nearly 180 thousand subscribers. sign. There are posts that have reached more than 250,000 visitors, proving that the interest and demand of female entrepreneurs nationwide is huge.
      Supporting the mental health of female entrepreneurs is extremely necessary and is also one of the top concerns of the CWE project. The Department of Enterprise Development, together with the CWE project, established a Psychological Consulting Corner specifically for female entrepreneurs on the female business support ecosystem information portal we.business.gov.vn as well as organized many seminars. Online Psychological Counseling with businesswomen. 
      Ms. Nguyen Thi Tuyet Minh, director of the Pioneering Women's Leadership Network - WeLead, brought to the conference profound knowledge and experience in psychological counseling and mental health for female entrepreneurs. To effectively improve mental health for female entrepreneurs, she hopes the Government will have mechanisms to attract the participation of all parties and have specific policies to coordinate close cooperation between relevant parties. agencies, including government agencies, VCCI, associations, businesses and mental health care providers. In addition, we also need tools to support entrepreneurs in achieving effective work-life balance, and increase research on the mental health of entrepreneurs...

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