(HBO) – Bui Van Cuong in Hop Phong commune has invested in growing orange and opened a store on farm tools, Dinh Van Linh in Binh Thanh commune started raising fish in cages in the reservoir, and Tran Thi Mai tried her hand on handicrafts.
They are all outstanding people of startup and entrepreneurship
spirit of the Ho Chi Minh Communist Youth Union (HCYU) chapter in Cao Phong
district.
Bui Van Cuong of Hop
Phong commune (Cao Phong district) (first
from right) elaborates on his family’s economic model to encourage startup
spirit in local youths.
At present, four members of the HCYU in Cao Phong were able
to borrow loans totalling 380 million VND (16,350 USD) from the national fund
on jobs of the HCYU Central Committee. Outstanding loans managed by the
district’s HCYU chapter stood at about 71 billion VND.
Many members have efficiently used the loans to reap
fruitful economic results. They have successfully expanded their businesses not
only to raise income but also venture in new fields. Capital plays a great role
as a leverage to help members stabilise and make breakthroughs.
To encourage the startup spirit among the members, the
district’s HCYU chapter has launched a programme to support the youths to set
up their businesses. The programme prioritises communication works and the
establishment of a startup incubator. It also looks to provide training, counseling
and introducing jobs to young people.
In addition, a campaign titled "Innovative youths” has yielded
positive results. In 2019, the standing committee of the district’s HCYU chapter
arranged a contest on startup ideas at the provincial level. It also joined
hands with the provincial HCYU chapter to hold a seminar on pushing ahead the
"Innovative youths” campaign, which attracted various youngsters.
Through a number of activities, the HCYU chapter of Cao
Phong has fostered startup ideas and lit up members’ innovative spirit./.
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