The Cultural Dimensions of the Vietnamese Private Entrepreneurship
The IUP Journal of Entrepreneurship Development, Vol. VI, Nos. 3 & 4, pp. 54-78, September & December 2009
25 Pages Posted: 5 Jan 2010 Last revised: 4 May 2017
Date Written: January 4, 2010
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.
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