13 VN's business leaders signed CEO statement to support women’s empowerment in the workplace, marketplace and community

In October 2020, additional 13 Vietnamese companies’ leaders signed the CEO’s Statement of Support for Women’s Empowerment Principles (WEPs) - a global initiative to empower women in the workplace, marketplace and community.

Leaders of some top businesses in Vietnam on October 22 signed the commitment to supporting the women’s empowerment principles (WEPs), an initiative of the UN Women and the UN Global Compact.

Thirteen business leaders in Vietnam on on October 22 signed the CEO Statement of Support for Women’s Empowerment Principles (WEPs) during the Vietnam Women Entrepreneur Forum 2020 themed “Ring the Bell – For a Prosperous and Sustainable Economy” in Hanoi.

The Women’s Empowerment Principles (WEPs), a joint initiative of UN Women and UN Global Compact, comprises seven steps that businesses can take to empower women and promote gender equality at the workplace, marketplace and community.

There are 3,819 WEPs signatories worldwide, of which 74 are Vietnamese including October 22’s thirteen new signatories.

With guidance provided by the Principles, businesses can empower women to participate fully in economic life across all sectors and throughout all levels of economic activity.  

By signing the Statement, the enterprises reaffirmed the importance of gender equality and empowerment of women. They also demonstrated leadership on gender equality and women’s empowerment and encourage fellow business leaders to do the same. 

There are about 200,000 women-owned enterprises in Vietnam at present, accounting for 25 percent of the total. Notably, women run about 30 percent of small- and micro-sized firms and over 50 percent of household businesses.

The WEPs consists of seven steps that businesses can carry out to empower women and promote gender equality in the workplace, the market, and the community.

Establish high-level corporate leadership for gender equality

Treat all women and men fairly at work – respect and support human rights and non-discrimination

Ensure the health, safety and well-being of all women and men workers

Promote education, training and professional development for women

Implement enterprise development, supply chain and marketing practices that empower women

Promote equality through community initiatives and advocacy

Measure and publicly report on progress to achieve gender equality

Tu Pham