The Entrepreneurial Facets as Precursor to Vietnam's Economic Renovation in 1986

The IUP Journal of Entrepreneurship Development, Vol. VIII, No. 4, pp. 6-47, 2011

42 Pages Posted: 12 Apr 2012 Last revised: 4 Jul 2012

See all articles by Quan Hoang Vuong

Quan Hoang Vuong

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

Dam Nhue

National Economics University, Hanoi

Daniel van Houtte

DHVP Research

Tri Dung Tran

Dan Houtte, Vuong & Partners

Date Written: December 31, 2011

Abstract

This research, aims to develop a conceptual framework to assess the entrepreneurial properties of the Vietnamese reform, known as Doi Moi, even before the kickoff of Doi Moi policy itself. The authors argue that unlike many other scholars’ assertion, economic crisis and harsh realities were neither necessary nor sufficient conditions for the reform to take place, but the entrepreneurial elements and undertaking were, at least for the case of Vietnam’s reform. Entrepreneurial process, on the one hand, sought structural changes and kicked off innovation, and on the other hand, its induced outcome further invited changes and associated opportunities. The paper also concludes that an assessment of possibility for the next stage of Doi Moi should take into account the entrepreneurial factors of the economy and predict the emergence of new entrepreneurial facets in the next phase of economic development.

Keywords: Economic Reform, Transition Economies, Vietnam’s Doi Moi, Entrepreneurship, Economic Crisis, Government Policy, Communist Countries

JEL Classification: G18, E22, L14, L26, P20, P31

Suggested Citation

Vuong, Quan Hoang and Dam, Nhue and van Houtte, Daniel and Tran, Tri Dung, The Entrepreneurial Facets as Precursor to Vietnam's Economic Renovation in 1986 (December 31, 2011). The IUP Journal of Entrepreneurship Development, Vol. VIII, No. 4, pp. 6-47, 2011, Available at SSRN: https://ssrn.com/abstract=2038666

Quan Hoang Vuong (Contact Author)

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

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

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

Phenikaa University ( email )

To Huu road, Yen Nghia
Ha Dong district
Hanoi, Hanoi 100803
Vietnam

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

Nhue Dam

National Economics University, Hanoi ( email )

Giai Phong Road
Hai Ba Trung District
Hanoi, Hanoi 10000
Vietnam

HOME PAGE: http://www.neu.edu.vn

Daniel Van Houtte

DHVP Research ( email )

Tri Dung Tran

Dan Houtte, Vuong & Partners ( email )

Ha Noi
Vietnam
+84917278078 (Phone)

HOME PAGE: http://vebimo@wordpress.net

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