Vietnamese makes Forbes most powerful women list | Halong Bay Airport

Vietnamese makes Forbes most powerful women list

Rita Nguyen a young 37-year-old entrepreneur is the co-founder and CEO of Squar, a Burmese-language social network.

Born in Ben Tre province, Rita Nguyen moved to Canada with her family when she was a young child.

After graduating from the university, she worked in the field of information technology at Electronic Arts (EA) company in the US for 5 years, contributing greatly to EA’s success as a world top 10 social network long before Facebook or Twitter made their appearance in the marketplace.

She returned to Vietnam in 2010 before relocating to Myanmar last June to launch a startup social media venture Squar with initial capital of US$ 145,000. It targets to attract 1.5 million members by 2014.

Rita Nguyen said that Myanmar currently has 1,000 internet cafés serving a total population of 50 million. She expects there will be approximately 30% smartphone users and 80% mobile phone users by the end of 2015.

Despite the huge popularity of Facebook, Rita Nguyen is adamant that Squar will find its own niche, tapping into the same market as Facebook.

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