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The Cultural Dimensions of the Vietnamese Private Entrepreneurship

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Author Info
Quan-Hoang Vuong () (Centre Emile Bernheim, Solvay Brussels School of Economics and Management, Université Libre de Bruxelles, Brussels.)
Tran Tri Dung (Dan Houtte, Vuong & Partners, Hanoi, Vietnam.)

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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.

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File URL: http://www.solvay.edu/EN/Research/Bernheim/documents/wp09027.pdf
File Format: application/pdf
File Function: First version, 2009
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Publisher Info
Paper provided by Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB) in its series Working Papers CEB with number 09-027.RS.

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Length: 27 pages
Date of creation: Jul 2009
Date of revision:
Handle: RePEc:sol:wpaper:09-027

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Related research
Keywords: Culture; Confucian values; Confucianism; Entrepreneurship; Market economy; Rent seeking; Vietnam;

Find related papers by 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 - - Business Economics - - - Business Economics
P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
P31 - 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 - - - Social Norms and Social Capital; Social Networks Economic Anthropology

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  1. 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. [Downloadable!] (restricted)
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This page was last updated on 2009-11-23.

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