Entrepreneurship in the Informal Economy: A Case Study in Vietnam

Authors

Quan Mai, Brigham Young University
Dr. Kristie Seawright, Brigham Young University

Keywords

entrepreneurship, informal economy, Vietnam

College

Marriott School of Management

Department

Marketing

Abstract

In the global economy, there are dynamic forces that frame the business environment. In both developed and developing countries, one of these forces is the growing number of entrepreneurs whose internal motivation drives them to seek for new opportunities to overcome their current economic situations. While entrepreneurs in the formal economy often have support from government stability, financial institutions and special interest groups, entrepreneurs in the informal economy often experience difficulty in initiating their ventures. However, there are a growing number of successful entrepreneurs in the informal economy. What matters more is the fact that those successful entrepreneurs have been able to offer more job opportunities to the national economy; thus, they contribute to the development of those struggling economies.

Recommended Citation

Mai, Quan and Seawright, Dr. Kristie (2013) "Entrepreneurship in the Informal Economy: A Case Study in Vietnam," Journal of Undergraduate Research: Vol. 2013: Iss. 1, Article 2469.
Available at: https://scholarsarchive.byu.edu/jur/vol2013/iss1/2469