Vietnamese Women Entrepreneurs’ Motivations, Challenges, and Success Factors

Abstract

The Problem According to the Mastercard Index of Women Entrepreneurs, 31.3% of businesses in Vietnam are owned by women, placing Vietnam at the sixth out of the 53 surveyed economies. Despite the prevalence of female entrepreneurship in Vietnam, little is known about the motivations, challenges, and success factors of those occupying this vibrant sector of the Vietnamese economy. Greater knowledge of how women entrepreneurs perceive themselves and the Vietnamese business environment could stimulate greater support for their personal and career development. The Solution This study aims to explore Vietnamese women entrepreneurs’ motivations, challenges, and success factors. This qualitative research study provides (a) a brief introduction to the business context and the role of women entrepreneurs in Vietnam; (b) findings on Vietnamese women motivation for to starting and running business, as well as the challenges they face, and factors contributing to their success; and (c) recommendations for government policies, business communities, and the development of female entrepreneurs in Vietnam. As few research studies on women business owners in Vietnam are available, this empirical study can contribute to more effective practice and further research on this cohort in Vietnam. The Stakeholders Recommendations provided in this study will help governmental policymakers, business communities, and female entrepreneurs in Vietnam.

Women entrepreneurs in South Korea: motivations, challenges and career success

“…Women's career advancement opportunities are often blocked by marriages, childcare and the glass ceiling, which lead women to leave their jobs and start a business (Zgheib, 2018). When women have difficulties in maintaining work and life balance, they often decide to quit their jobs and start businesses (Nguyen et al, 2020). When downsizing occurs in organizations and there is a need to reduce work-family conflict, women choose self-employment (Agarwal and Lenka, 2015;Hughes, 2003).…”

“…Personal predictors for women's career success include their abilities and experiences, management skills and personality factors (Welsh et al, 2017). Nguyen et al (2020) indicated that expertize and experiences related to business start-up and independence and selfconfidence were the factors that resulted in women's success. O'Neil et al (2015) identified four essentials that contributed to women's career development, namely, self-confidence, self-efficacy, influence and authenticity.…”

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“…(2013) found that, in Ukraine, women entrepreneurs did not receive substantial support from the government for entrepreneurship. Moreover, complex regulations, inaccessible government information and high-income taxes were among the challenges reported by Nguyen et al . (2020) for women entrepreneurs in Vietnam.…”

“…Iakovleva et al (2013) found that, in Ukraine, women entrepreneurs did not receive substantial support from the government for entrepreneurship. Moreover, complex regulations, inaccessible government information and high-income taxes were among the challenges reported by Nguyen et al (2020) for women entrepreneurs in Vietnam. Interestingly, Ozasir-Kacar and Essers (2021, p. 12) acknowledged that "the regulatory environment in Turkey for women entrepreneurs is supportive via prompt policies, yet biased and gendered with patriarchal norms and practices both in the private and public spheres".…”

Integrasi Agama dan Budaya dalam Komunitas Pemberdayaan: Studi Empiris Pemberdayaan Ekonomi Perempuan Payungi Metro-Lampung

“…Integrasi agama dan budaya di dalam komunitas lokal masyarakat yang dikombinasikan dengan kreativitas dalam membangun gagasan dan pendampingan kepada perempuan mampu menumbuhkan kepercayaan diri perempuan untuk keluar dari persepsi pragmatis patriarki dan membangun kemandirian ekonominya. Upaya-upaya ini secara kontekstual mampu merespon tantangan-tantangan yang selama ini dialamatkan kepada perempuan seperti, tantangan terkait hak-hak mereka: hak atas tanah dan aset (Akinola, 2018;Aluko, 2015;Folarin et al, 2014), tantangan di sektor informal (Peprah et al, 2019), tantangan dalam wirausaha perempuan (Nguyen et al, 2020;Saner & Yiu, 2019;Uddin, 2021) dan tantangan yang diterima oleh perempuan dalam berbagai bidang (Annes et al, 2021;Khan et al, 2018).…”