The Cultural Dimensions of the Vietnamese Private Entrepreneurship

Quan-Hoang Vuong () and Dung Tri Tran ()

No 09-027.RS, Working Papers CEB from Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB)

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.

Keywords: Culture; Confucian values; Confucianism; Entrepreneurship; Market economy; Rent seeking; Vietnam (search for similar items in EconPapers)
JEL-codes: A14 E00 L14 L26 M21 P20 P31 Z10 Z13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cul, nep-ent, nep-hrm and nep-sbm
Date: 2009-07
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http://www.solvay.edu/EN/Research/Bernheim/documents/wp09027.pdf First version, 2009 (application/pdf)

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Persistent link: http://EconPapers.repec.org/RePEc:sol:wpaper:09-027

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