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.

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