WISE network comes online
The WISE network coordination team - PHOTO: BAO UYEN
HCMC - The Women's Initiative for Self-Empowerment (WISE) was launched on March 8, International Women's Day, to support women entrepreneurs in Vietnam and the Mekong River region to fulfill their business ambitions.
Established by the Saigon Innovation Hub (SIHUB) in partnership with the Mekong Business Initiative (MBI), a development partnership between the Asian Development Bank and the Australian government, WISE is aimed at connecting women-led startups with investors and consultants.
The executive board of WISE will be in charge of organizing activities and events on a regular basis to provide knowledge for newly-operated startups or women wishing to start up business.
WISE activities will initially take place in HCMC and then be expanded to the northern and central regions of the nation, and neighboring countries such as Cambodia, Laos and Myanmar.
Speaking at the launching ceremony, Huynh Kim Tuoc, director of SIHUB, said WISE strives to become the best network for female entrepreneurs.
WISE will cooperate with organizations and partners which are capable of offering programs to back women’s startups, Tuoc added.
WISE is sponsored by SIHUB but also relies on voluntary contributions by members.
According to a report released by the Vietnam Women Entrepreneurs Council (VWEC), the Hanoi Women Association of Small and Medium Enterprises (HAWASME), and MBI in October last year, enterprises with women holding senior positions or led by female owners have a high sense of responsibility and integrity in terms of business management, ensure full compliance with social insurance obligations, and have low bad debt.