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Vietnam in transition: SMEs and the necessitating environment for entrepreneurship development

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  • Quan Anh Nguyen
  • Gillian Sullivan Mort
  • Clare D'Souza

Abstract

A transitional economy has been characterized as experiencing a large amount of economic and social change. SMEs can be considered as the vehicle for entrepreneurship development in such a context. The purpose of this paper is to further the investigation of the favourability of the transitional environment on SMEs and entrepreneurship in Vietnam. Using a new approach, we analyse the transitional economy discourse via examining government policies, international organization reports and academic articles on Vietnam. Our findings suggest that, in Vietnam, compared to an overall normative framework developed from a wide literature review, the settings generally support a vibrant transitional entrepreneurship development and SMEs. However, more needs to be done to build up favourable sociocultural setting and effective business support systems in the country. Implications for the relevant stakeholders and suggestions for future research in the East Asian and Central and Eastern Europe regions are also provided.

Suggested Citation

  • Quan Anh Nguyen & Gillian Sullivan Mort & Clare D'Souza, 2015. "Vietnam in transition: SMEs and the necessitating environment for entrepreneurship development," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 27(3-4), pages 154-180, April.
    • Handle: RePEc:taf:entreg:v:27:y:2015:i:3-4:p:154-180
    DOI: 10.1080/08985626.2015.1015457
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    1. Hakkala, Katariina & Kokko , Ari, 2007. "The State And The Private Sector In Vietnam," EIJS Working Paper Series 236, Stockholm School of Economics, The European Institute of Japanese Studies.
    2. Reviewed by Rachel L. Mathers, 2013. "Entrepreneurship and Culture," Journal of Entrepreneurship and Public Policy, Emerald Group Publishing, vol. 2(1), pages 96-98, April.
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