The Cultural Dimensions of the Vietnamese Private Entrepreneurship

The IUP Journal of Entrepreneurship and Development, Vol. VI, No. 3 & 4, pp. 54-78. The Icfai University Press, September-December 2009

25 Pages Posted: 2 Aug 2009 Last revised: 22 Aug 2010

Quan Hoang Vuong

Centre Emile Bernheim (SBS-EM; ULB); FPT University - School of Business (FSB); Vuong & Associates

Tri Dung Tran

Multiple version iconThere are 2 versions of this paper

Date Written: December 15, 2009

Abstract

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.

Keywords: Culture, Confucian values, Confucianism, Entrepreneurship, Market economy, Rent seeking, Vietnam

JEL Classification: A14, E00, L14, L26, M21, P20, P31, Z10, Z13

Suggested Citation

Vuong, Quan Hoang and Tran, Tri Dung, The Cultural Dimensions of the Vietnamese Private Entrepreneurship (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. Available at SSRN: https://ssrn.com/abstract=1442384 or http://dx.doi.org/10.2139/ssrn.1442384

Quan Hoang Vuong (Contact Author)

Centre Emile Bernheim (SBS-EM; ULB) ( email )

ULB CP 145/01
21 Ave. F.D. Roosevelt
Brussels 1050
Belgium
+32-2-6504864 (Phone)
+32-2-6504188 (Fax)

HOME PAGE: http://www.solvay.edu/profile/dr-vuong-quan-hoang

FPT University - School of Business (FSB) ( email )

VAS Building C
My Dinh 1, Tu Liem District
Hanoi, 100000
Vietnam

Vuong & Associates ( email )

3/161 Thinh Quang
Dong Da District
Hanoi, Hanoi
Vietnam
+84-4-37738654 (Phone)
+84-4-37738653 (Fax)

HOME PAGE: http://www.vuongassociates.com

No contact information is available for Tri Dung Tran

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