A Study On Vietnam Entrepreneurship

Since the 1990s, entrepreneurship in the social development and social economy has become increasingly important. What’s more, it has become one of the main driving forces for economic development. Combining with the reality of Vietnam, Vietnam from 1986 began to reform the economy from planned economy to Socialist-oriented market economy, to achieve the objective of national industrialization and modernization; to diversify and pluralize external economic relations; to achieve the objective of open, integrate into the world community and make many achievements. These achievements are all closely related to the formation and rapid growth of Vietnam entrepreneurs. With Vietnam’s economic and social growth, Vietnam entrepreneurship is also developing. Vietnam entrepreneurship is combining various factors of production and Vietnam situation to highlight the advantages of innovation spirit as well as to study continuously advanced experience of countries with the aim to improve Vietnam’s own learning spirit, that is, national spirit to serve the country’s economic development willingly and the adventurous spirit to take the risk of failure. Vietnam entrepreneurship improves the ability to find and capture business opportunities and continuous innovation capability, promotes the development of Vietnamese enterprises and economy society as well as improves the competitive advantage of Vietnam enterprises. Therefore, this article, which does research on entrepreneurship, regards Vietnam as the research object.First, this article describes the present situation of domestic and foreign entrepreneurship research, review the outcomes of domestic and foreign entrepreneurship research. Next, according to the history of Vietnam’s economic development and reformation, this article of the formation and evolution of Vietnam entrepreneurship is divided into two periods, namely, the period before reform and the period after reform. Its aim to introduce the innovative spirit, the adventurous spirit, the national spirit, the business ethics and the business culture of Vietnam entrepreneur.Finally, based on the empirical results, this article puts forward a series of targeted policy recommendations. For instance, increasing the investment of entrepreneurship, especially the innovative behavior, further strengthening the contribution to economic growth of entrepreneurship. Besides, government should increase the nurture of entrepreneurship; accelerate innovation efficiency to transform it into the economic efficiency. Also, underdeveloped provinces have to fortify the importance of entrepreneurship and its production factors in order to keep up with the development of developed provinces.