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Vietnamese citizens positive about entrepreneurship

Thanh Thom
Thursday,  Sep 28,2017,18:33 (GMT+7)
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Vietnamese citizens positive about entrepreneurship

Thanh Thom

Participants at a youth startup forum in HCMC on Tuesday pose for a group photo - PHOTO: AMWAY VIETNAM

HCMC – Most of Vietnamese respondents in a survey by the U.S.-based leading direct selling company Amway take a positive attitude towards entrepreneurship.

The Amway Global Entrepreneurship Report (AGER) 2016 themed “Entrepreneurship in a changing work environment” which measures the public pulse of self-employment around the world was released by Amway Vietnam at a youth startup forum in HCMC on Tuesday, with the participation of John Parker, chief sales officer for Amway.

The study surveyed 1,037 Vietnamese males and females aged over 18 years in Hanoi, the central coast city of Danang, HCMC, and the Mekong Delta city of Can Tho from May 4 to May 30 last year.

According to the report, Vietnamese people are more positive about entrepreneurship than those in other Asian and global countries.

Around 91% of respondents consider starting up a business as a desirable career opportunity for themselves, and about 95% of them have a positive attitude towards entrepreneurship, with women scoring higher than their male counterparts. University graduates score higher on these questions than non-graduates.

Respondents aged from 35 to 49 have a strong desire to become entrepreneurs, and are more confident than other age groups. Notably, those over 50 years of age show a significant increase in self-confidence and stability, despite social pressure.

Meanwhile, many young people may be hesitant about starting and maintaining their own business, owing to the economic turmoil.

The study also finds around 96% of Vietnamese respondents are comfortable with attracting and retaining customers. This will give them opportunities in their startups.

Regarding reasons to start a business, around 76% of them seek to work independent from an employer with greater flexibility. This is the main reason why Vietnam tops this aspect of the study.

This is the seventh time Amway has teamed up with the Technical University of Munich and the Society for Consumer Research, both in Germany, to conduct AGER.

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