Young businesses create 3 million jobs in three years
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)
Hanoi (VNA) – Nearly 10,000members of the Vietnam Young Entrepreneurs Association (VYEA) created 3 millionjobs in 2015 – 2018, heard the association’s sixth national congress in Hanoion August 27.
According to Ha Noi Moi Newspaper, thecongress was attended by Deputy Prime Minister Vuong Dinh Hue and 700 VYEAmembers.
At the function, the association reported inthe past four years, it held more than 200 trade promotion activities andgenerated some 25 billion USD in average annual revenue.
In the 2018 – 2021 tenure, the VYEA aims toimprove its performance toward practical outcomes, make contributions toeconomic-related draft laws and develop business incubator programmes.
As part of the congress, 68 members were honouredas 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 CHCDevelopment JSC (Hanoi); Nguyen Thi Vu Hien, director of Thang Long gas trade& development JSC (Thai Nguyen); and Duong Long Thanh, director of ThangLoi real estate JSC (HCM City).
The 68 awardees were chosen from hundreds ofnominees nationwide.
In 2017, together they generated 2.865trillion VND (123.19 million USD) in revenue and 147 billion VND (6.32 millionUSD) in profit, contributed 91 billion VND (3.91 million USD) to the Statebudget and created 4,100 jobs. The figures for the top 10 entrepreneurs wererespectively 1.231 trillion VND (52.93 million USD), 75 billion VND (3.22million USD), 55 billion VND (2.36 million USD) and 1,637 jobs.
The VYEA has run a programme to recogniseexcellent young startup entrepreneurs since 2015. To date, it has honoured 300businesspersons from across the nation.-VNA
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Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
68 VYEA members are honoured as excellent young startup entrepreneurs of 2018 (Source: hanoimoi.com.vn) 
