The Mastercard Index of Women Entrepreneurs demands innovative, gender-specific support for women throughout pandemic recovery
Johannesburg, South Africa – 8 March 2021: While women entrepreneurs are making strides to overcome gender-related biases and advance their businesses in South Africa, they still face several structural and social obstacles, many of which have been exacerbated by the Covid-19 pandemic. This is according to the South African results of the latest Mastercard Index of Women Entrepreneurs Index (MIWE), announced on the side-lines of the annual 2021 FORBES WOMAN AFRICA Leading Women Summit presented by Mastercard.
South Africa move up nine places (a 7.1 percent increase) from 2019 to rank 23
Friday, 09:31, 05/03/2021
Vietnam, however, remained the third highest ranking among low-middle income countries in the index, staying behind the Philippines [16th] and Indonesia [17th].
Vietnam slipped to 25th from its previous 18th out of 58 economies in last year s Mastercard Index of Women Entrepreneurs (MIWE), which analyzes on how women in business are progressing globally.
MIWE 2020 also revealed Vietnam was ranked ninth out with 26.5% of total businesses owned by women, but 44th in “Supporting Entrepreneurial Conditions”, indicating much works needed to do to support women entrepreneurs.
However, the country stayed in top 10 at ninth in “Women’s Advancement Outcomes” that evaluate both drivers and deterrents of women’s advancement in four indicators of Women Business Leaders, Women Professionals & Technical Workers, Women Entrepreneurial Activity Rate, and Women Labor Force Participation.