Publication:
Promoting Innovative Entrepreneurship in Viet Nam: An Ecosystem Diagnostic

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-12-05T19:29:29Z
dc.date.available2023-12-05T19:29:29Z
dc.date.issued2023-12-05
dc.description.abstractThis report provides a diagnostic of Viet Nam’s entrepreneurship ecosystem and details a set of targeted recommendations for improving conditions for innovative entrepreneurship in the country. The diagnostic consists of four components: 1.) An overview of the Vietnamese private sector, with a focus on market dynamism; 2.) A demand side analysis focused on the flow of ideas, skills, and technology that contribute to the pipeline of innovative startups; 3.) A supply-side assessment of public support and private risk finance throughout the firm lifecycle, and 4.) An analysis of the ecosystem framework conditions. The report finds that the overall quality and the level of public support for entrepreneurship is low; founders have challenges with key aspects of running a business, such as developing product-market fit, growth strategies, and team building; and risk capital markets are heavily dependent on foreign funds and investors and have gaps in early-stage finance. The report concludes with three policy recommendations for improving Viet Nam’s entrepreneurial performance: 1.) Reorient the national flagship Program 844 on "Supporting the National Innovation Initiative to 2025" toward building a pipeline of investment-ready, innovative startups; 2.) Address regulatory barriers related to risk capital investments; and 3.) Increase the contribution of the public research sector to the innovative startup agenda.en
dc.identifierhttp://documents.worldbank.org/curated/en/099111623132511499/P178764034088f0840b95603af423252410
dc.identifier.doi10.1596/40694
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40694
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectENTREPRENEURSHIP ECOSYSTEM
dc.subjectPRIVATE SECTOR
dc.subjectMARKET DYNAMISM
dc.subjectFINANCE RISK
dc.subjectPUBLIC RESEARCH SECTOR
dc.titlePromoting Innovative Entrepreneurship in Viet Namen
dc.title.subtitleAn Ecosystem Diagnosticen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titlePromoting Innovative Entrepreneurship in Viet Nam: An Ecosystem Diagnostic
okr.date.disclosure2023-12-05
okr.date.lastmodified2023-11-28T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099111623132511499/P178764034088f0840b95603af423252410
okr.guid099111623132511499
okr.identifier.docmidP178764-34088f26-6b84-4a84-b956-3af423252410
okr.identifier.doihttp://dx.doi.org/10.1596/40694
okr.identifier.externaldocumentum34198662
okr.identifier.internaldocumentum34198662
okr.identifier.report185882
okr.import.id2481
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099111623132511499/pdf/P178764034088f0840b95603af423252410.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryViet Nam
okr.sectorOther Public Administration
okr.themeFinancial Infrastructure and Access,Mitigation,Investment and Business Climate,Economic Policy,Green Growth,Economic Growth and Planning,MSME Finance,Environment and Natural Resource Management,Finance,Private Sector Development,Climate change,Urban and Rural Development,Business Enabling Environment,Adaptation,Disaster Risk Management
okr.topicPrivate Sector Development::Private Sector Economics
okr.unitEFI-EAP-FCI-Finance-1 (EEAF1)
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