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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. 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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    Cited by:

    1. , Aisdl, 2020. "Sustainability model of Vietnamese women entrepreneurship," OSF Preprints kjmdr, Center for Open Science.
    2. Stopochkin Artem & Sytnik Inessa & Sytnik Bogdan, 2020. "Methodology for Analyzing the Level of International Entrepreneurship Development," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 259-285.
    3. Alex Maritz & Quan Nguyen & Hsin-Ming Hsieh, 2021. "Exploring the Strategic Intent and Practices of University Accelerators: A Case of Australia," Sustainability, MDPI, vol. 13(19), pages 1-11, September.
    4. Thang Nguyen & Lan Nguyen & Scott Bryant & Hieu Nguyen, 2020. "What Motivates Scientists in Emerging Economies to Become Entrepreneurs? Evidence from Vietnam," Sustainability, MDPI, vol. 12(3), pages 1-18, February.
    5. Aizhan Tleuberdinova & Zhanat Shayekina & Dinara Salauatova & Stephen Pratt, 2021. "Macro-economic Factors Influencing Tourism Entrepreneurship: The Case of Kazakhstan," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 30(1), pages 179-209, March.
    6. Francisco J. García-Rodríguez & Inés Ruiz-Rosa & Desiderio Gutiérrez-Taño & Esperanza Gil-Soto, 0. "Entrepreneurial intentions in the context of a collectivist economy: a comparison between Cuba and Spain," International Entrepreneurship and Management Journal, Springer, vol. 0, pages 1-19.
    7. Tran, Hien Thu, 2019. "Institutional quality and market selection in the transition to market economy," Journal of Business Venturing, Elsevier, vol. 34(5), pages 1-1.
    8. Hoang, Giang & Luu, Tuan Trong & Le, Thuy Thu Thi & Tran, Anh Kim Thi, 2022. "Dark Triad traits affecting entrepreneurial intentions: The roles of opportunity recognition and locus of control," Journal of Business Venturing Insights, Elsevier, vol. 17(C).
    9. Ho, Manh-Toan, 2021. "Exploring the most influential papers in Vietnam's entrepreneurship in the past ten years," OSF Preprints 2qnp9_v1, Center for Open Science.
    10. Ho, Manh-Toan, 2021. "Exploring the most influential papers in Vietnam's entrepreneurship in the past ten years," OSF Preprints 2qnp9, Center for Open Science.
    11. Ha, Le Thanh & Thanh, To Trung & Thang, Doan Ngoc & Anh, Pham Thi Hoang, 2021. "Bribery, export decisions, and institutional constraints: Evidence from cross-country firm-level data," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 585-612.
    12. David B. Audretsch & Antje Fiedler, 2022. "The Vietnamese entrepreneurship paradox: how can entrepreneurs thrive without political and economic freedom?," The Journal of Technology Transfer, Springer, vol. 47(4), pages 1179-1197, August.
    13. Franczak, Jennifer & Gyensare, Michael A. & Lanivich, Stephen E. & Adomako, Samuel & Chu, Irene, 2024. "How and when does founder polychronicity affect new venture performance? The roles of entrepreneurial orientation and firm age," Journal of Business Research, Elsevier, vol. 172(C).
    14. Hien Thu Tran & Enrico Santarelli, 2017. "Spatial heterogeneity, industry heterogeneity, and entrepreneurship," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 59(1), pages 69-100, July.
    15. Ha, Le Thanh & Dung, Hoang Phuong & Thanh, To Trung, 2023. "Bribery, global value chain decisions, and institutional constraints: Evidence from a cross-country firm-level data," International Economics, Elsevier, vol. 173(C), pages 119-142.
    16. Carla Martínez-Climent & María Rodríguez-García & Juying Zeng, 2019. "Ambidextrous Leadership, Social Entrepreneurial Orientation, and Operational Performance," Sustainability, MDPI, vol. 11(3), pages 1-15, February.
    17. Daniel L. Bennett & Boris Nikolaev, 2021. "Historical Disease Prevalence, Cultural Values, and Global Innovation," Entrepreneurship Theory and Practice, , vol. 45(1), pages 145-174, January.
    18. Ha, Le Thanh & Nam, Pham Xuan & Thanh, To Trung, 2021. "Effects of Bribery on Firms' Environmental Innovation Adoption in Vietnam: Mediating Roles of Firms' Bargaining Power and Credit and Institutional Constraints," Ecological Economics, Elsevier, vol. 185(C).
    19. Francisco J. García-Rodríguez & Inés Ruiz-Rosa & Desiderio Gutiérrez-Taño & Esperanza Gil-Soto, 2022. "Entrepreneurial intentions in the context of a collectivist economy: a comparison between Cuba and Spain," International Entrepreneurship and Management Journal, Springer, vol. 18(2), pages 855-873, June.
    20. Simba, Amon & Tajeddin, Mahdi & Farashahi, Mehdi & Dana, Léo-Paul & Maleki, Amirhossein, 2024. "Internationalising high–tech SMEs: Advancing a new perspective of open innovation," Technological Forecasting and Social Change, Elsevier, vol. 200(C).

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