Vietnam: World’s most spirited start-up nation

by VTV405 October 2017 Last updated at 06:00 AM

VTV.vn - Vietnam is currently leading the world in terms of start-up spirit and also has the second-most positive attitude towards start-ups, according to a new study by

Amway, 91% of Vietnamese people surveyed revealed that they consider starting a new business as a career milestone. The proportion of Vietnamese citizens optimistic about start-ups made up 95% of the survey's participants.

This is higher than the world average, which is only 77%. According to the Vietnam Chamber of Commerce and Industry, Vietnam is currently home to 1,500 start-ups, more than both China and India.

However, 80% of Vietnamese start-ups cease to operate after the first year. This could be justified by the lack of access to funding and regulatory challenges.

Tags:

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2017-12-12 01:53 UTC

WEATHER FORECAST

Today - Tuesday Dec, 12
Scattered Showers
15/17
Wednesday Dec, 13
Scattered Showers
16/19
Thursday Dec, 14
Rain
17/18
Friday Dec, 15
Cloudy
17/21
Saturday Dec, 16
Mostly Cloudy
16/19
Sunday Dec, 17
Mostly Sunny
12/17
Monday Dec, 18
Sunny
11/18
Tuesday Dec, 19
Sunny
10/19
Wednesday Dec, 20
Sunny
9/19
Thursday Dec, 21
Mostly Sunny
10/19