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The Cultural Dimensions of the Vietnamese Private Entrepreneurship

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  • Quan-Hoang Vuong
  • Tran Tri Dung

Abstract

In this essay, we explore cultural impacts on the private entrepreneurship in the post-Doi Moi Vietnam. Some important aspects of the traditional cultural values of the Vietnamese society are explored in conjunction with the socio-economic changes over the past two decades. Traditional cultural values continue to have strong impacts on the Vietnamese society, and to a large extent to 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, such as relationship-based bank credit. Low quality business education is both victim and culprit of the long-standing tradition that looks down on the role of private entrepreneurship in the country.

Suggested Citation

  • Quan-Hoang Vuong & Tran Tri Dung, 2009. "The Cultural Dimensions of the Vietnamese Private Entrepreneurship," Working Papers CEB 09-027.RS, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:sol:wpaper:09-027
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    References listed on IDEAS

    as
    1. Ted Baker & Eric Gedajlovic & Michael Lubatkin, 2005. "A Framework for Comparing Entrepreneurship Processes across Nations," Post-Print hal-02311659, HAL.
    2. André Farber & Nguyen Huu Tu & Tran Tri Dung & Quan-Hoang Vuong, 2008. "The financial storms in Vietnam's transition economy: a reasoning on the 1991-2008 period," Working Papers CEB 08-023.RS, ULB -- Universite Libre de Bruxelles.
    3. John M. Stopford & Charles W. F. Baden‐Fuller, 1994. "Creating corporate entrepreneurship," Strategic Management Journal, Wiley Blackwell, vol. 15(7), pages 521-536, September.
    4. Vuong, Quan-Hoang, 1997. "A Question of Leverage," OSF Preprints jvt7r, Center for Open Science.
    5. Ted Baker & Eric Gedajlovic & Michael Lubatkin, 2005. "A framework for comparing entrepreneurship processes across nations," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 36(5), pages 492-504, September.
    6. Greenfield, Sidney M & Strickon, Arnold, 1981. "A New Paradigm for the Study of Entrepreneurship and Social Change," Economic Development and Cultural Change, University of Chicago Press, vol. 29(3), pages 467-499, April.
    7. John McMillan & Christopher Woodruff, 2002. "The Central Role of Entrepreneurs in Transition Economies," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 153-170, Summer.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Culture; Confucian values; Confucianism; Entrepreneurship; Market economy; Rent seeking; Vietnam;
    All these keywords.

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions
    • Z10 - Other Special Topics - - Cultural Economics - - - General
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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