Vietnam and Entrepreneurial Private Enterprises

Abstract

This study focuses on the phenomenon of entrepreneurial private enterprises and their macromarketing implications in Vietnam—a vibrant economy transitioning from a centrally planned economy to the current system of socialist-oriented market economy. Relying on the writings on entrepreneurship and associated theoretical frameworks (including the complex adaptive system [CAS] perspective), especially in emerging economies, this study develops a framework for capturing the macromarketing implications of entrepreneurial private enterprises. Further, this study suggests that entrepreneurial private enterprises play a crucial role in the economic well-being (a key aspect of quality of life) of citizens in Vietnam; and the growth in entrepreneurial private enterprises is influenced by nonroutine actions by key stakeholders such as the government; and associated with the availability of skilled human resources.

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