To Become an Entrepreneur in Ho Chi Minh City
This chapter outlines how the Vietnamese state has structured a challenging investment environment for private firms with its control of land ownership, land use planning, and investment approval. Therefore, the cooperation of state bodies is instrumental for firms wishing to capture potential profits through land development projects. However, it is also argued that entry into the market was relatively open in Ho Chi Minh City and firms could develop the political connections and social networks necessary to realize projects. The possession of initial endowment of political capital does not adequately explain who became entrepreneurs nor who succeeded in the new market.
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