Đoàn kết - Sáng tạo - Hội nhập - Phát triển
Today, Feb 23,2019
12th Vietnam National Women's Congress 
International Forum on Women, Peace and Development 
International Relations 
Women's Insights 
Gender and Development 
Agent Orange/Dioxin 
Oversea Vietnamese Women 
Job Recruitment 


Visitor: 72772317

Female entrepreneurs trained on management skills
Posted: Jul 25,2018

Hanoi (VNS/VNA) - A one-year management training course for some 200 female entrepreneurs has just been completed under a project run by Tinh Thuong One Member Limited Liability Microfinance Institution (TYM) and the New York-based Citi Foundation.

Women who run small enterprises in the northern province of Vinh Phuc take part in a TYM training class to improve their management skills. (Photo: phucyen.vinhphuc.gov.vn)

Most of the entrepreneurs who attended the course were involved in agriculture and handicrafts in the provinces of Nam Dinh, Vinh Phuc, Thanh Hoa, Nghe An and Hung Yen.

They were given the opportunity to learn about marketing, human resource management, group work, decision making, financial management and business planning.

During classes with experts from the International Labour Organisation and the Vietnam Women’s Academy, the female entrepreneurs also looked at case studies and shared their real-life business experience.

Speaking at a workshop on July 18, TYM General Director Duong Thi Ngoc Linh said that TYM originated from the Tinh Thuong fund launched by the Vietnam Women’s Union in 1992 to help the Government’s hunger elimination and poverty reduction programme while improving women’s status within and outside the home.

TYM provides preferential loans or microfinance for low-income households, especially poor and vulnerable women. TYM also helps to collect its members’ savings which are sent daily, weekly or monthly and can be withdrawn at any time.

Up to last year, TYM had handed out more than 1.3 million loans worth 10.6 trillion VND (495 million USD) to more than 144,000 clients. Its outstanding loans last year reached 1 trillion VND (44 million USD).

Linh said that TYM had helped over 100,000 women escape poverty, and about 7,000 of them had become entrepreneurs, which had driven TYM’s leaders to consider a project to improve the management skills of these emerging businesswomen.

“They have real-life experiences but lack formal business knowledge,” Linh said, adding that once they were equipped with the proper tools, they would be able to run their businesses more effectively.

Pham Thi Hong, a TYM member from Tinh Gia district in the central province of Thanh Hoa, said that before attending TYM’s training classes, she had never thought about creating a website or Facebook page to advertise her wooden furniture products.

Nguyen Thi An, a peanut oil producer from Hung Nguyen district in the central province of Nghe An, said that she liked the TYM training classes because she had learned more about customers, market prices and negotiations.

“The classes gave me the chance to meet and learn from other businesswomen. They’re great!,” An said.

In 2011, Duong Thi Tuyet, a TYM member from the northern province of Nam Dinh, was one of six micro-entrepreneurs honoured internationally with the Global Micro-Entrepreneur Award for her copper moulding business.

The New York-based Citi Foundation, a member of global bank Citi, works to promote economic progress and improve the lives of people in low-income communities around the world.-VNS/VNA

Print Send page Go top  

More news:
Link to next news ››  

"... From the beginning of the first century A.D., when the two Trung Sisters rose up to fight the enemy and save the nation, until now, whenever our country has faced danger, our women have contributed whatever they could toward the cause of national liberation.

Our people are grateful that our mothers from South and North alike have borne and raised our nation's generation of heroes....

Under the Socialist system, tens of thousands of women have become specialists in different fields and, as cadre, serve as directors and vice-directors of factories, leaders of farming cooperatives, presidents of People’s Committees, and general secretaries of Party Cells....

And so, the women of Vietnam from ancient times until now, from South to North, from young to old, are truly heroes ..."

(Excerpted from President Ho Chi Minh's speech on the 36th Anniversary of Vietnam Women's Union 20 October 1966)

New entries
 • Top influencers impacting Vietnam’s tourism in 2018
 • Vietnamese speaker on mission to inspire youngsters
 • First mobile app connects female migrants to housing, job in cities
 • Hanoi works to reduce gender imbalance at birth
 • VWU delegation attends 18th ACWO Biennial General Assembly and Conference 2018

For Advertise


@CopyRights Vietnam Women’s Union. All Rights Reserved
Address: 39 Hang Chuoi Street, Hanoi, Vietnam; Tel: (84.4) 9713436 - 9713437 - Fax: (84.4) 9713143 - Website:

machining cnc machining services precision machining metal stamping sheet metal fabrication cnc milling CNC turning