This paper examines the influence of cultural and socioeconomic factors on the
growth of enterpreneurship in Vietnam. Traditional cultural values continue
to have a strong impact on the Vietnamese society, and to a large extent
adversely affect the entrepreneurial spirit of the community. Typical
constraints private entrepreneurs face may have roots in the cultural facet
as legacy of the Confucian society like relationship-based bank credit. Low
quality business education is both a victim and culprit of the long-standing
tradition that looks down on the role of private entrepreneurship in the
country
