Breaking barriers: unveiling motivations, challenges and policy recommendations for women’s entrepreneurship in Vietnam

Ioannis Christodoulou*, Moustafa Haj Youssef, Jahangir Wasim, Tam Phan, Robert Reinhardt, Bao Ngoc Nguyen

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

Purpose
This study aims to explore the impact of social, financial and institutional factors on women’s entrepreneurship in Vietnam, emphasizing motivation’s role in addressing challenges. Women’s entrepreneurship holds economic significance, driving local economies and creating opportunities. Government efforts to support women entrepreneurs have increased, but research on this in developing economies, especially in Vietnam, is limited.

Design/methodology/approach
The paper investigates women’s entrepreneurship in Vietnam, examining social, financial and institutional influences and emphasizing motivation in overcoming challenges. Using a qualitative approach, it conducts in-depth interviews with 28 female entrepreneurs, analyzing data thematically. Methodologically, the study uses purposive sampling, triangulation and member checking to enhance credibility.

Findings
Findings reveal key motivations like financial incentives, self-achievement and social impact. These motivations empower women to overcome financial constraints, skill gaps, limited support and societal perceptions. This research guides women entrepreneurs to enhance success through learning, persistence, skill development and self-awareness.

Originality/value
This paper presents a novel exploration into women’s entrepreneurship in Vietnam, offering original insights into the interplay of social, financial and institutional factors, with a spotlight on motivational drivers. It provides unique perspectives on their motivations, challenges and support mechanisms. The study’s contribution lies in its comprehensive understanding of women’s entrepreneurship dynamics in a developing economy like Vietnam, offering valuable insights for policymakers, practitioners and academics alike.
Original languageEnglish
JournalJournal of Asia Business Studies
Early online date28 Aug 2024
DOIs
Publication statusE-pub ahead of print - 28 Aug 2024

Keywords

  • Challenges
  • Cultural factors
  • Developing economies
  • Female entrepreneurship
  • Financial elements
  • Institutional support
  • Qualitative analysis
  • Social factors
  • Success
  • Vietnam

ASJC Scopus subject areas

  • General Economics,Econometrics and Finance
  • Business and International Management
  • Strategy and Management

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