Prime Minister Pham Minh Chinh hailed women-led businesses as major contributors to economic recovery and development in Vietnam and the region in his virtual remarks at the second ASEAN Women Leaders’ Summit 2022 on October 12 afternoon.

A total of 29 social impact businesses (SIBs) will receive six-month coaching services and 100 million VND (4,278 USD) as seed funding to test and refine their creative models and realise their impact potential.

There are around 145,000 small-and-medium-sized enterprises (SMEs) currently run by women in Vietnam, accounting for a quarter of all SMEs nationally.

Empowering women by giving them control over their finances is not just smart economics but also key to ending poverty.