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The Entrepreneurial Facets as Precursor to Vietnam’s Economic Renovation in 1986

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  • Quan-Hoang Vuong
  • Van Nhue Dam
  • Daniel van Houtte
  • Tri Dung Tran

Abstract

In this research, we aim to develop a conceptual framework to assess the entrepreneurial properties of the Vietnamese reform, known as Doi Moi, even before the kickoff of Doi Moi policy itself. We argued that unlike many other scholars’ assertion, economic crisis and harsh realities were neither necessary nor sufficient conditions for the reform to take place, but the entrepreurial elements and undertaking were, at least for case of Vietnam’s reform. Entrepreneurial process on the one hand sought for structural changes, kicked off innovation, and on the other its induced outcome further invited changes and associated opportunities. The paper also concludes that an assessment of possibility for the next stage of Doi Moi in should take into account the entrepreneurial factors of the economy, and by predicting the emergence of new entrepreneurial facets in the next phase of economic development.

Suggested Citation

  • Quan-Hoang Vuong & Van Nhue Dam & Daniel van Houtte & Tri Dung Tran, 2011. "The Entrepreneurial Facets as Precursor to Vietnam’s Economic Renovation in 1986," Working Papers CEB 11-010, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:sol:wpaper:2013/79701
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    References listed on IDEAS

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    1. Vuong, Quan-Hoang, 2009. "The Cultural Dimensions of the Vietnamese Private Entrepreneurship," OSF Preprints n2ubt, Center for Open Science.
    2. Benjamin, Roger W. & Kautsky, John H., 1968. "Communism and Economic Development," American Political Science Review, Cambridge University Press, vol. 62(1), pages 110-123, March.
    3. 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.
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    Cited by:

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    2. Quan-Hoang Vuong, 2014. "Vietnam’s political economy: a discussion on the 1986-2016 period," Working Papers CEB 14-010, ULB -- Universite Libre de Bruxelles.
    3. Mai, Nhat Chi, 2022. "Reexamining Frontier Markets," OSF Preprints ubfe6, Center for Open Science.
    4. Mai, Nhat Chi, 2022. "Introduction: Frontiers in Flux," OSF Preprints m3u75, Center for Open Science.
    5. Vu Dang Le Nguyen & Nancy K. Napier & Quan-Hoang Vuong, 2012. "It Takes Two to Tango: Entrepreneurship and Creativity in Troubled Times – Vietnam 2012," Working Papers CEB 12-022, ULB -- Universite Libre de Bruxelles.
    6. Mai, Nhat Chi, 2022. "Rubber In French Indochina," OSF Preprints yzdp6, Center for Open Science.
    7. , Aisdl, 2014. "Vietnam's Political Economy in Transition (1986-2016)," OSF Preprints 2wxdg, Center for Open Science.
    8. Nguyen, Minh-Hoang & Huyen, Nguyen Thanh Thanh & Pham, Thanh-Hang & Yen, Nguyen Thi Quynh & Vuong, Quan-Hoang, 2020. "On the 50-year research landscape of entrepreneurial finance: A sign of Western ideological homogeneity?," OSF Preprints qf62s, Center for Open Science.
    9. Quan-Hoang Vuong & Nancy K. Napier, 2013. "Acculturation and Global Mindsponge," Working Papers CEB 13-053, ULB -- Universite Libre de Bruxelles.
    10. Nguyen, Danh Hoang Thanh, 2017. "A Study of Decision Making by North Korea and Vietnam when Facing Economic Upheaval," OSF Preprints 5wxnb, Center for Open Science.
    11. Nguyen, Hong-Kong T. & Ho, Manh-Toan, 2018. ""Không tìm mà thấy" trong hoạt động khởi nghiệp," OSF Preprints c8mwp, Center for Open Science.
    12. , Aisdl, 2017. "Structural transformation, agriculture and livestock in Vietnam (1970-2015)," OSF Preprints y8d6b, Center for Open Science.
    13. Mai, Nhat Chi, 2022. "Intervening in market formation," OSF Preprints r5twd, Center for Open Science.
    14. Vuong, Quan-Hoang, 2014. "Vietnam's Political Economy in Transition (1986-2016)," OSF Preprints 48kus, Center for Open Science.
    15. , Aisdl, 2014. "Đánh Giá Năng Lực Sáng Tạo Doanh Nghiệp," OSF Preprints nyzs5, Center for Open Science.
    16. 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.
    17. Zakari, Mariama & Adusei, Millicent & Quansah, Emmanuel Kweku & Ampah, Godwin, 2022. "Entrepreneurial Passion and Social Entrepreneurial Intent: The Mediating Role of Entrepreneurial Self-Efficacy in Public Universities in Ghana," OSF Preprints 5m7q8, Center for Open Science.
    18. Mai, Nhat Chi, 2022. "Market Formation In Tbong Khmum," OSF Preprints jg5qz, Center for Open Science.
    19. Mai, Nhat Chi, 2022. "UNSETTLED FRONTIERS: Market Formation in the Cambodia-Vietnam Borderlands (by Sango Mahanty)," OSF Preprints frmxn, Center for Open Science.
    20. , Aisdl, 2015. "Vietnam az óriások sakktábláján," OSF Preprints rgcn8, Center for Open Science.
    21. Ho, Manh-Toan, 2021. "Timeless Data," OSF Preprints gm98w, Center for Open Science.
    22. Quan-Hoang Vuong & Tung Manh Ho & Thu-Trang Vuong & Ha Viet Nguyen & Nancy K. Napier & Hiep-Hung Pham, 2017. "Nemo Solus Satis Sapit : Trends of Research Collaborations in the Vietnamese Social Sciences, Observing 2008–2017 Scopus Data," Publications, MDPI, vol. 5(4), pages 1-15, October.
    23. Hien, Nguyen Thi Thu, 2019. "Consequences of urban migration of adult children for the elderly left-behind in rural Vietnam," OSF Preprints zxyf8, Center for Open Science.
    24. Nguyen, Minh-Hoang & Quang-Loc, Nguyen & Nguyen, Loan & Le, Tam-Tri & Phi, Xuan-Tuan & Vuong, Quan-Hoang, 2023. "How does the knowledge accumulation process affect Vietnamese entrepreneurs’ success likelihood?," OSF Preprints tgfr5, Center for Open Science.

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    More about this item

    Keywords

    Economic Reform; Transition Economies; Vietnam’s Doi Moi; Entrepreneurship; Economic Crisis; Government Policy; Communist Countries;
    All these keywords.

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions

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