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This study attempts to examine the impact of institutional factors on entrepreneurship in Vietnam from 2005 to 2015. The study utilizes quantitative research methods with panel data collected from secondary sources of the General Statistics Office, Statistical Yearbook of Provinces, and the Provincial Competitiveness Index (PCI). | DALAT UNIVERSITY JOURNAL OF SCIENCE Volume 8, Issue 1, 2018 22–39 THE IMPACT OF INSTITUTIONS ON ENTREPRENEURSHIP: A CASE OF VIETNAM Tran Thanh Truca*, Truong Ngoc Haoa a The Faculty of Business Administration, Hochiminh City Industry and Trade College, Hochiminh City, Vietnam * Corresponding author: Email: tranthanhtruc29@gmail.com Article history Received: October 24th, 2017 Received in revised form: December 09th, 2017 | Accepted: December 11th, 2017 Abstract This study attempts to examine the impact of institutional factors on entrepreneurship in Vietnam from 2005 to 2015. The study utilizes quantitative research methods with panel data collected from secondary sources of the General Statistics Office, Statistical Yearbook of Provinces, and the Provincial Competitiveness Index (PCI). The results based on fixed effects estimation show that the “entry cost” and “land access and stability in land use” are two indicators that have the strongest negative effect on entrepreneurship in Vietnam. Therefore, it is necessary to have specific policies to reduce the cost of market entry as well as more effective land use options to support entrepreneurship development in Vietnam. Keywords: Entrepreneurship; Institutions; Vietnam. Article identifier: http://tckh.dlu.edu.vn/index.php/tckhdhdl/article/view/357 Article type: (peer-reviewed) Full-length research article Copyright © 2018 The author(s). Licensing: This article is licensed under a CC BY-NC-ND 4.0 22 SPECIAL ISSUE ON ENTREPRENEURSHIP AND INNOVATION, AND SOCIAL ENTREPRENEURSHIP 1. INTRODUCTION Entrepreneurship is one of the "main vehicles" of economic development (Hisrich, Anokhin, & Grichnik, 2008). Dejardin (2000) asserted that the more entrepreneurs there are in an economy, the faster it will grow. Evidence and experiences in many countries have shown that raising awareness of the importance of entrepreneurial spirits and encouraging start-ups are powerful drivers of sustainable growth. Therefore, .
