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International Journal of Research in Finance and Marketing
Year : 2017, Volume : 7, Issue : 8
First page : ( 1) Last page : ( 6)
Online ISSN : 2231-5985.

A conceptual study on the impact of socio-cultural factor on the performance of nascent entrepreneurs: A case of Vietnam

Md. Van Nguyen Hong1, Md. Giang Do Huong2

1Lecturer, Foreign Trade University, 91 chua Lang street, Dong Da district, Hanoi city, Vietnam

2Lecturer, Foreign Trade University, 91 chua Lang street, Dong Da district, Hanoi city, Vietnam

Online published on 13 February, 2018.

Abstract

Vietnam has recently witnessed an upsurge in the number of start-ups as a result of economic emergence and the success of these nascent entrepreneurs is largely influenced by both societal and cultural factors. This paper aims to give a better understanding of the impact of sociocultural component on entrepreneurship in the context of Vietnam based on the review of existing literature. The study points to the fact that cultural factor is negatively associated with the performance of Vietnamese start-ups while societal element is an accelerator for nascent entrepreneurs in Vietnam.

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Keywords

Socio-cultural factor, entrepreneurship, Vietnam.

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