It is not a debate that economic development and its sustainability are hinged on creativity and innovation, which are the defining features of entrepreneurial education. As a result, this paper's objective has been pursued theoretically by reviewing various government policies on education position of entrepreneurship development in the Malaysia and ASEAN countries. This study also assumed that, if entrepreneurial education is to be used to define the country’s developmental efforts towards a sustainable future, the focus must be on the youths, to whom the future belongs. Therefore, even with the fact that certain policies on education in universities emphasize skills, vocational and technical education, the need for real orientation of concerned institutions towards building entrepreneurial mindset is in the youths. In this study certain theories on entrepreneurial education and development are considered, while often-encountered challenges of entrepreneurial education and their way out are highlighted. On the basis of this and other ancillary discourses, policy implication and recommendations are raised for consideration. These include, among others, a call on all relevant authorities to make a fresh commitment towards entrepreneurial development by refocusing the education policy towards entrepreneurial eliciting programs.