Female entrepreneurs and small business owners are responsible for up to a third of the country's Dh367 billion GDP. Nguyen Huy Kham / Reuters
Female entrepreneurs and small business owners are responsible for up to a third of the country's Dh367 billion GDP. Nguyen Huy Kham / Reuters

In Vietnam, girl power fires up the economic frontline



Steam rises from the pooling rainwater on Hang Bac street, as hordes of vendors, oblivious to the downpour, sell live frogs, gutted fish and other mysterious foods from baskets. All very Blade Runner; all that is missing is a killer android.

The din is unbelievable. But once my overwhelmed senses begin to adjust to the chaos of Hanoi's old quarter, it becomes apparent that almost everyone working in the street is a woman. The reason I am here, it happens, is to meet a woman named Ha Nghe, who runs a small gallery.

Vietnam is still a long way from taking its place among Asia's tiger economies. But when it eventually does, it will mostly be because of the colossal energy of the country's female entrepreneurs.

I find Ms Ha's gallery tucked between a rundown hotel and a store selling what could be coffee beans. It's here that she runs a studio of about half a dozen artists.

The interior is gloomy, but the artists are hard at work, squatting on the floor, dabbing at the canvases propped up in front of them. All are young women in their early 20s.

I find Ms Ha and we talk for 10 minutes. She is all business. Soon, we agree to a price for a bulk order of paintings. In two days, I'll return and pick them up. I have no doubt she will honour our bargain.

"I do this because my husband is dead," she explains. "I work every day, seven days a week, because if I don't, my family will not eat."

It's not a plea for pity. She's proud of what she has achieved. The little studio churns out paintings and does a brisk trade with foreign buyers. Her staff work long hours, but are well taken care of.

According to Vietnamese government figures, women entrepreneurs like Ms Ha are responsible for up to a third of the country's US$100 billion (Dh367bn) GDP. From noodle stands in the street to manufacturing companies, they are represented at nearly all levels of business. Elsewhere in Asia, the norm is about 10 per cent.

This is astounding when you consider that barely 20 years ago, private entrepreneurship was banned. The victorious communists imposed a command economy in the south even as the last American helicopters were fleeing the smoke palls of Saigon.

But in 1986, the government launched Doi Moi, its economic renewal campaign. Rules were relaxed and people were allowed to set up their own businesses. Today, some 125,000 women are registered as entrepreneurs, according to government figures. Countless more make a living selling food and vegetables on the streets.

The high prevalence of women in business stems from a history of them enjoying an unusual level of equality. Given the country's tortured history, it's not such a surprise. During the war - the American war, as the Vietnamese call it - tens of thousands of women took up arms alongside the men.

The "long-haired warriors", as they were known, took on all the dangers and suffering that male soldiers did. They carried heavy loads of weapons and ammunition along the Ho Chi Minh trail, braving mines, air attacks and ambushes.

Often, they were the wives, mothers, sisters and daughters of the men on the front lines. They enlisted en masse, so that several generations of the same family would serve together. Fighting and dying as equals led to a change in the status of women. By the end of the war, they had won recognition as equals in a previously male-dominated society.

Quan Van is a member of the war generation. Her husband, Than, is a decorated war hero. His unit regularly carried out attacks on American forces in the demilitarised zone. She would run messages between his squad and other units. Frequently, she would have to cross enemy lines to do so.

Today, the couple run a successful furniture export business outside Da Nang, once the entry point for American soldiers shipping in to the country - and from where many would leave in body bags. Her husband oversees the intricate carving of tables, chairs and dressers, many destined for the homes of wealthy Chinese to the north. Mrs Quan takes care of the business itself.

"Because my husband is a hero, we have permission to enter the forests for wood," she says. "He makes beautiful things. I take care of the money".

She does indeed. Mrs Quan is a formidable negotiator. She will patiently haggle for an hour or more over piece of woodwork. All the banking, shipping, packaging and book-keeping falls to her. Along the way, she has raised four children and cares for her elderly parents.

"In the war, we learnt there is no women's place and no man's place," she says. "Bullets don't care if you are a man or woman. It's like that now, too. Business does not care about that. If you can keep the customer happy, you get the business."

For the vast majority of self-employed women, the street is where they do business. Until the Doi Moi campaign was launched, food stalls were run by the government, but now are entirely privately owned. And because women have traditionally taken to trades such as cooking and sewing - skills they learnt from their mothers - they dominate this sector.

"I learnt to cook from my grandmother," says Bich Ngoc, a vendor in Ho Chi Minh City, as she spoons Vietnamese noodles, or pho, into a bowl. "I can feed my family two times - with the food I make and the money I make."

Food vending is now the main microbusiness in Vietnam. The sector has become so important that it is the chief source of nutrition for the country's urban population. Cheap, fresh and, above all, healthy, it's the staple diet of the poor and rich alike.

"Some of the young people now want to work in a factory making iPods or shoes," says Ms Bich. "I think it's better to work for yourself. One day, the factories might close. But people will always need to eat."

if you go

The flights 

Etihad and Emirates fly direct to Kolkata from Dh1,504 and Dh1,450 return including taxes, respectively. The flight takes four hours 30 minutes outbound and 5 hours 30 minute returning. 

The trains

Numerous trains link Kolkata and Murshidabad but the daily early morning Hazarduari Express (3’ 52”) is the fastest and most convenient; this service also stops in Plassey. The return train departs Murshidabad late afternoon. Though just about feasible as a day trip, staying overnight is recommended.

The hotels

Mursidabad’s hotels are less than modest but Berhampore, 11km south, offers more accommodation and facilities (and the Hazarduari Express also pauses here). Try Hotel The Fame, with an array of rooms from doubles at Rs1,596/Dh90 to a ‘grand presidential suite’ at Rs7,854/Dh443.

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

Best Foreign Language Film nominees

Capernaum (Lebanon)

Cold War (Poland)

Never Look Away (Germany)

Roma (Mexico)

Shoplifters (Japan)

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

Fines for littering

In Dubai:

Dh200 for littering or spitting in the Dubai Metro

Dh500 for throwing cigarette butts or chewing gum on the floor, or littering from a vehicle. 
Dh1,000 for littering on a beach, spitting in public places, throwing a cigarette butt from a vehicle

In Sharjah and other emirates
Dh500 for littering - including cigarette butts and chewing gum - in public places and beaches in Sharjah
Dh2,000 for littering in Sharjah deserts
Dh500 for littering from a vehicle in Ras Al Khaimah
Dh1,000 for littering from a car in Abu Dhabi
Dh1,000 to Dh100,000 for dumping waste in residential or public areas in Al Ain
Dh10,000 for littering at Ajman's beaches 

Getting there

Etihad Airways flies daily to the Maldives from Abu Dhabi. The journey takes four hours and return fares start from Dh3,995. Opt for the 3am flight and you’ll land at 6am, giving you the entire day to adjust to island time.  

Round trip speedboat transfers to the resort are bookable via Anantara and cost $265 per person.  

Company profile

Name: Tharb

Started: December 2016

Founder: Eisa Alsubousi

Based: Abu Dhabi

Sector: Luxury leather goods

Initial investment: Dh150,000 from personal savings

 

Law 41.9.4 of men’s T20I playing conditions

The fielding side shall be ready to start each over within 60 seconds of the previous over being completed.
An electronic clock will be displayed at the ground that counts down seconds from 60 to zero.
The clock is not required or, if already started, can be cancelled if:
• A new batter comes to the wicket between overs.
• An official drinks interval has been called.
• The umpires have approved the on field treatment of an injury to a batter or fielder.
• The time lost is for any circumstances beyond the control of the fielding side.
• The third umpire starts the clock either when the ball has become dead at the end of the previous over, or a review has been completed.
• The team gets two warnings if they are not ready to start overs after the clock reaches zero.
• On the third and any subsequent occasion in an innings, the bowler’s end umpire awards five runs.

The specs

Engine: 6.5-litre V12
Power: 725hp at 7,750rpm
Torque: 716Nm at 6,250rpm
Transmission: 8-speed dual-clutch auto
On sale: Q4 2023
Price: From Dh1,650,000

MATCH INFO

Manchester City 2 (Mahrez 04', Ake 84')

Leicester City 5 (Vardy 37' pen, 54', 58' pen, Maddison 77', Tielemans 88' pen)

Man of the match: Jamie Vardy (Leicester City)

The bio

Favourite food: Japanese

Favourite car: Lamborghini

Favourite hobby: Football

Favourite quote: If your dreams don’t scare you, they are not big enough

Favourite country: UAE

TECH SPECS: APPLE IPHONE 14 PLUS

Display: 6.1" Super Retina XDR OLED, 2778 x 1284, 458ppi, HDR, True Tone, P3, 1200 nits

Processor: A15 Bionic, 6-core CPU, 5-core GPU, 16-core Neural Engine 

Memory: 6GB

Capacity: 128/256/512GB

Platform: iOS 16

Main camera: Dual 12MP main (f/1.5) + 12MP ultra-wide (f/2.4); 2x optical, 5x digital; Photonic Engine, Deep Fusion, Smart HDR 4, Portrait Lighting

Main camera video: 4K @ 24/25/3060fps, full-HD @ 25/30/60fps, HD @ 30fps; HD slo-mo @ 120/240fps; night, time lapse, cinematic, action modes; Dolby Vision, 4K HDR

Front camera: 12MP TrueDepth (f/1.9), Photonic Engine, Deep Fusion, Smart HDR 4; Animoji, Memoji; Portrait Lighting

Front camera video: 4K @ 24/25/3060fps, full-HD @ 25/30/60fps, HD slo-mo @ 120fps; night, time lapse, cinematic, action modes; Dolby Vision, 4K HDR

Battery: 4323 mAh, up to 26h video, 20h streaming video, 100h audio; fast charge to 50% in 30m; MagSafe, Qi wireless charging

Connectivity: Wi-Fi, Bluetooth 5.3, NFC (Apple Pay)

Biometrics: Face ID

I/O: Lightning

Cards: Dual eSIM / eSIM + SIM (US models use eSIMs only)

Colours: Blue, midnight, purple, starlight, Product Red

In the box: iPhone 14, USB-C-to-Lightning cable, one Apple sticker

Price: Dh3,799 / Dh4,199 / Dh5,049


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