Business Angel Investing in Vietnam: An Exploratory Study

Transnationalizing Intrapreneurs and Entrepreneurial Values: Case Studies of Chinese Companies in Chiang Mai, Thailand

“…Currently, such companies are usually called ‘business angel investors’ (Scheela et al . 2018) and commit investment funds directly to their employees and professionals or provide shared equity funds with individuals acting as co-partners when conducting co-business activities.…”

“…Second, professionals, employees or executive managers can be hired in large companies but assigned to the specific task of leading a new strategic business plan with funding provisions and then apply the ideas and plan for the achievement of actual outcomes. Currently, such companies are usually called 'business angel investors' (Scheela et al 2018) and commit investment funds directly to their employees and professionals or provide shared equity funds with individuals acting as co-partners when conducting co-business activities.…”

Factors Affecting Business Angels Investment in Vietnam

“…Scheela et al are perhaps rare authors working in this field, apart from some others briefly mentioning Vietnam's private investment and institutions [9,12]. As Vietnam is considered an "institutional void" emerging economy, all studies by Scheela et al are based on institution theory and examine how Vietnamese BAs operate and help startups in Vietnam's poorly developed institutional economy [5,13,14], their investment strategies [9,10], and their challenges when operating in the country. In addition to secondary data, Scheela et al also used primary data collected from semi-structured interviews with some Vietnamese BAs, i.e., a sample of 6 BAs [14] and 12 BAs [5].…”

“…As Vietnam is considered an "institutional void" emerging economy, all studies by Scheela et al are based on institution theory and examine how Vietnamese BAs operate and help startups in Vietnam's poorly developed institutional economy [5,13,14], their investment strategies [9,10], and their challenges when operating in the country. In addition to secondary data, Scheela et al also used primary data collected from semi-structured interviews with some Vietnamese BAs, i.e., a sample of 6 BAs [14] and 12 BAs [5]. The studies found significant challenges for Vietnamese BAs, including difficulties in doing deals and a lack of "government leadership" in providing institutional support for private investment.…”

“…The studies provided some recommendations for Vietnamese BAs to closely monitor their portfolio companies, to establish and maintain networking with governmental officials, as well as some policy implications for the government to improve "government leadership" to further support Vietnamese BAs, including forming BA clubs and promoting education about private equity at high school and university levels, together with training BAs about the investing process [13,14]. Their papers contributed to institution theory and how to apply it in doing research on BAs operating in "institution void" developing economies [5,9] and proposed an investment strategy as a model for venture investing in emerging economies, including Vietnam [10].…”