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Finding the right direction and relentlessly pursuing it

Although she was working as a manager of a company with an income of some 10 million VND (429 USD) per month, her passion urged Phung Luu Ly (born in 1988) at Tran Nguyen Han ward, Bac Giang city to change her life to another direction with awaiting obstacles. 

Phung Luu Ly, owner of Ly Boutique in Bac Giang city guides her employees to complete the products.

“I studied to become an accountant but I changed to work as a fashion designer. Many people wondered about my choice because these two sectors are not related to each other but I believe it is the right choice”, Ly said. Because of her love for fashion, she spent time learning fashion design when she was a student.

In order to gain more experience, Ly worked for some processing garment factories in Hanoi. When she was at work, she took time to make clothes for her relatives and co-workers. Many people liked her products and introduced to others thanks to the beautiful designs at reasonable prices, thus she got increasing customers. However, it was hard to perfect both of works at the same time, Ly had to make a choice. Finally, she decided to choose the job she really fancies.

In 2015, this young girl opened the first Ly Boutique at 61 Tran Nguyen Han street, Bac Giang city selling formal clothes for middle-income people. Thanks to her right orientation choosing the suitable type of products, she gains an annual revenue of nearly 500 million VND (21,465 USD).

In July 2018, she opened another shop in Hanoi. Currently, these two shops create jobs for 6 people with an income of 10 million VND (429 USD) per month. 

“In order to catch up with the integration trend, I have taken part in some training courses of business management and marketing. I am establishing a company in coming time tending to brand transfer”, said she.

Apart from Phung Luu Ly, many other young people have successful startups such as Ngo Van Van (born in 1989) in Tan Yen district, Director of Hoa Hoa Herbal Development Co. Ltd, Tran Manh Quang (born in 1988), Director of GOF Agricultural Development Co. Ltd in Viet Yen district and Bach Thi Men in Yen Dung district with a production model of turmeric starch and soybean sprout.

Choosing suitable jobs

Currently, vocational orientation for the youth receives special attention of the governments at all levels, sectors, schools and students’ parents. At a talk to the youth union’s members of Bac Giang city, Mai Son, Chairman of the Municipal People’s Committee shared, the youth union’s members have plenty of opportunities for startups, hence they need to take initiative to choose suitable startup models. The most important thing for the success of the youth is to have passion and firmly pursue their ambition. Especially, they need to plan a good business strategy, capturing market mechanism and apply information technology in product promotion.

Leaders of the provincial Youth Union and Union of Science and Technology Associations visit the startup model “Culturing cordyceps militaris” of Ong Tien Dung at Dong Hung commune, Luc Nam district.

Regarding fund resources, the provincial Youth Union collaborates with the Bank for Social Policies to provide incentive loans for young people having prospect economic development model based on the projects’ scales and feasibility. There are 289 groups of savings and loans in the province with total loans of some 300 billion VND (12.9 million USD).

In 2018, the National Fund for Job Assistance of Ho Chi Minh Communist Youth Union funded for 6 projects of young people with the loans of 600 million VND (25,754 USD). 

Than Trung Kien, Deputy Secretary of the provincial Youth Union stressed, “We will accompany and join hands with the competent agencies to provide consultancy and support for startup initiatives of the youth to develop into projects with high economic efficiency. In fact, there are many successful startup models thanks to supporting of the youth union”.

With the hope to receive support at the very first steps for their startups, many young people asked the youth unions and competent agencies to provide more legal supporting activities in procedures and documentation for business establishment. Besides, the youth union’s members need to be more confident and stick to their passion especially enriching their knowledge and making proper plans to reap success.

Over 60 projects submitted to Innovative Startup Contest

(BGO) – The Innovative Startup Contest 2018 in the northern province of Bac Giang launched by the Department of Science and Technology has attracted more than 60 ideas and projects from several inventors and groups of inventors, according to the Organization Board.

 

Team using Vietnam’s rice drying technology wins int’l startup contest

SunRice team from the University College of London with its rice drying model based on Vietnam’s rice grain drying technology has won the first place of the Hult Prize competition for start-ups.

 

Vietnamese students triumph Francophone startup contest

A team from the Foreign Trade University in Hanoi won the first prize at the “Start-up Francophone 2018” competition for Asian – Pacific students at its finale in Hanoi on September 28.

 

Bac Giang awards youth innovative startup contest

(BGO) – The Ho Chi Minh Communist Youth Union (provincial youth union) in the northern province of Bac Giang on October 11 held a ceremony to summarizing and granting the prize to the Youth Innovative Startup Contest as well as honoring typical young people in doing business. 

 

Ho Chi Minh City Innovation and Startup Week launched

The 2018 Ho Chi Minh City Innovation, Startup and Entrepreneurship Week (WHISE 2018), the city’s biggest startup event of the year, will be held from October 15-19, with the aim of promoting innovation and startups in the city.

 

Khoi Nguyen