As New Vietnam Forges Ahead, Entrepreneurs Take Limelight
Friday, April 22, 2005
The big change is in the attitude to capitalism. In the past five years, an estimated 140,000 private businesses in Vietnam have been registered. Private companies account for one-fifth of GDP, and are virtually the only job-creators in a country where 1 million young people join the work force each year.
Drawn to Vietnam a decade ago, Nike, the country’s single largest private employer with some 130,000 workers, produces some VND11 trillion worth of footwear, making Vietnam the largest supplier after China and Indonesia.
“Our business has expanded here. Consistent quality product says something about the quality of the work force,” says General Manager Amanda Tucker.
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Source: Dow Jones Newswire