A conceptual study on the impact of socio-cultural factor on the performance of nascent entrepreneurs: A case of Vietnam

Vietnam has recently witnessed an upsurge in the number of start-ups as a result of economic emergence and the success of these nascent entrepreneurs is largely influenced by both societal and cultural factors. This paper aims to give a better understanding of the impact of sociocultural component on entrepreneurship in the context of Vietnam based on the review of existing literature. The study points to the fact that cultural factor is negatively associated with the performance of Vietnamese start-ups while societal element is an accelerator for nascent entrepreneurs in Vietnam.