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

See all articles by Quan Hoang Vuong

Quan Hoang Vuong

Université Libre de Bruxelles (ULB) - Solvay Brussels School of Economics and Management; Phenikaa University

Tri Dung Tran

Multiple version iconThere are 3 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)

Université Libre de Bruxelles (ULB) - Solvay Brussels School of Economics and Management ( email )

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HOME PAGE: http://www.ceb-ulb.com/vuong-quan-hoang.html

Phenikaa University ( email )

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Ha Dong district
Hanoi, Hanoi 100803
Vietnam

HOME PAGE: http://sites.google.com/site/vuongqh2019/

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