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Learning to be CapitalistsEntrepreneurs in Vietnam's Transition Economy$
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Annette Miae Kim

Print publication date: 2008

Print ISBN-13: 9780195369397

Published to Oxford Scholarship Online: January 2009

DOI: 10.1093/acprof:oso/9780195369397.001.0001

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To Become an Entrepreneur in Ho Chi Minh City

To Become an Entrepreneur in Ho Chi Minh City

(p.31) 2 To Become an Entrepreneur in Ho Chi Minh City
Learning to be Capitalists

Annette Miae Kim (Contributor Webpage)

Oxford University Press

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.

Keywords:   state, land development, urban planning, power, social networks, political connections, political capital

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