The Cultural Dimensions of the Vietnamese Private Entrepreneurship
Quan Hoang Vuong
Université Libre de Bruxelles (ULB) - Solvay Brussels School of Economics and Management; Vuong & Associates
Tri Dung Tran
December 15, 2009
The IUP Journal of Entrepreneurship and Development, Vol. VI, No. 3 & 4, pp. 54-78. The Icfai University Press, September-December 2009
This paper examines the influence of cultural and socioeconomic factors on the growth of enterpreneurship in Vietnam. Traditional cultural values continue to have a strong impact on the Vietnamese society, and to a large extent adversely affect the entrepreneurial spirit of the community. Typical constraints private entrepreneurs face may have roots in the cultural facet as legacy of the Confucian society like relationship-based bank credit. Low quality business education is both a victim and culprit of the long-standing tradition that looks down on the role of private entrepreneurship in the country.
Number of Pages in PDF File: 25
Keywords: Culture, Confucian values, Confucianism, Entrepreneurship, Market economy, Rent seeking, Vietnam
JEL Classification: A14, E00, L14, L26, M21, P20, P31, Z10, Z13
Date posted: August 2, 2009 ; Last revised: August 22, 2010
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