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

Quan Hoang Vuong, Van Nhue Dam, Daniel van Houtte and Dung Tran

No 11-010, Working Papers CEB from ULB -- Universite Libre de Bruxelles

Abstract: In this research, we aim 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. We argued 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 entrepreurial elements and undertaking were, at least for case of Vietnam’s reform. Entrepreneurial process on the one hand sought for structural changes, kicked off innovation, and on the other 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 in should take into account the entrepreneurial factors of the economy, and by predicting 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 (search for similar items in EconPapers)
JEL-codes: E22 G18 L14 L26 P20 P31 (search for similar items in EconPapers)
Pages: 30 p.
Date: 2011-03
New Economics Papers: this item is included in nep-ent, nep-his and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (31)

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Working Paper: The Entrepreneurial Facets as Precursor to Vietnam’s Economic Renovation in 1986 (2011)
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