Young businesses create 3 million jobs in three years

ABO/VNA – Nearly 10,000 members of the Vietnam Young Entrepreneurs Association (VYEA) created 3 million jobs in 2015 – 2018, heard the association’s sixth national congress in Hanoi on August 27.

68 VYEA members are honoured as excellent young startup entrepreneurs of 2018 (Source: hanoimoi.com.vn)

According to Ha Noi Moi Newspaper, the congress was attended by Deputy Prime Minister Vuong Dinh Hue and 700 VYEA members.

At the function, the association reported in the past four years, it held more than 200 trade promotion activities and generated some 25 billion USD in average annual revenue.

In the 2018 – 2021 tenure, the VYEA aims to improve its performance toward practical outcomes, make contributions to economic-related draft laws and develop business incubator programmes.

As part of the congress, 68 members were honoured as excellent young startup entrepreneurs of 2018.

The top 10 among those were also announced, including Do Thi Hoai, chairwoman of the executive board of Vietnam CHC Development JSC (Hanoi); Nguyen Thi Vu Hien, director of Thang Long gas trade & development JSC (Thai Nguyen); and Duong Long Thanh, director of Thang Loi real estate JSC (HCM City).

The 68 awardees were chosen from hundreds of nominees nationwide.

In 2017, together they generated 2.865 trillion VND (123.19 million USD) in revenue and 147 billion VND (6.32 million USD) in profit, contributed 91 billion VND (3.91 million USD) to the State budget and created 4,100 jobs. The figures for the top 10 entrepreneurs were respectively 1.231 trillion VND (52.93 million USD), 75 billion VND (3.22 million USD), 55 billion VND (2.36 million USD) and 1,637 jobs.

The VYEA has run a programme to recognise excellent young startup entrepreneurs since 2015. To date, it has honoured 300 businesspersons from across the nation.

(Source: VNA)