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
Date Written: December 15, 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.
Keywords: Culture, Confucian values, Confucianism, Entrepreneurship, Market economy, Rent seeking, Vietnam
JEL Classification: A14, E00, L14, L26, M21, P20, P31, Z10, Z13
Suggested Citation: Suggested Citation