The Cultural Dimensions of the Vietnamese Private Entrepreneurship

Abstract

This paper examines the influence of cultural and socioeconomic factors on thegrowth of enterpreneurship in Vietnam. Traditional cultural values continueto have a strong impact on the Vietnamese society, and to a large extentadversely affect the entrepreneurial spirit of the community. Typicalconstraints private entrepreneurs face may have roots in the cultural facetas legacy of the Confucian society like relationship-based bank credit. Lowquality business education is both a victim and culprit of the long-standingtradition that looks down on the role of private entrepreneurship in thecountry.

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