Access to Financial and Entrepreneurial Success for Businesswomen in Vietnam

Difficulty accessing finance for entrepreneurs: Businesswomen affirmed the difficulty in accessing capital from banks. Because most businesswomen's firms are small and medium-sized enterprises, they do not have suitable collateral or the consent of their husbands or family members to borrow money from banks. Financial inclusion, including access to various financial products and services such as bank accounts, bank credit, savings products, remittances and payment services, insurance services, home mortgages, and financial advisory services, is gradually being recognized as an important aspect of economic development. According to Claessens (2006) [7], financial access is defined as the availability of financial services of reasonable quality and cost. Quality and reasonable costs are determined relative to a number of objective standards; reasonable costs are determined by monetary and non-monetary costs. This study was conducted with the aim of assessing access to financial and entrepreneurial success for businesswomen in Vietnam through survey results. The survey subjects are businesswomen. We use both qualitative and quantitative research methods. Quantitative research methods were carried out with SPSS software, including descriptive statistics and Cronbach’s alpha analysis. Research results show that access to financial services is rated quite highly. Based on this result, the study proposes some recommendations for businesswomen and state management agencies.