Building a Venture Capital Market in Vietnam
Diffusion of a Neoliberal Market Strategy to a Socialist State
Datos Bibliográficos
| ID | 12349222 |
|---|---|
| Autores | Robyn Klingler‐vidra (0000-0003-4215-2320, London School of Economics and Political Science, autor de correspondencia) |
| Año | 2014 |
| Volumen | 38 |
| Número | 4 |
| Páginas | 582-600 |
| Fecha de publicación | 2014-10-02 |
| Peer Reviewed | Sí |
| Open Access | No |
| Tipo | ARTICLE |
| Revista | Asian Studies Review (JOURNAL) |
| Identificadores de la revista | ISSN: 1035-7823 • E-ISSN: 1467-8403 |
| Editorial | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/10357823.2014.958054 |
| OpenAlex | W2094250205 |
| Idioma | EN |
| Citas recibidas | 8 |
| Referencias citadas | 20 |
Vietnam’s venture capital (VC) industry took shape in the late 1990s during a period of exceptional economic growth in the country and the development of its high-technology sector. High growth rates and technological advances have typically coincided with both strong VC market activity and state support of equity financing. This, however, has not been the case in Vietnam. In this article a policy diffusion framework is used to investigate the international and domestic origins of Vietnam’s nascent VC policies, and how they became part of the agenda of the Communist Party of Vietnam (CPV) as credit-based, rather than equity-based, solutions. The article argues that Vietnam’s heterodox approach to VC policy results from both external forces from donors and from domestic factors. In particular, Vietnamese policymakers have a preference for credit-based SME financing solutions and Vietnam’s official development assistance providers diffuse expertise on loans, not equity investments, to the Socialist Republic. The only donors recommending VC and equity-based financing in Vietnam have gone “around the state” rather than through it by working directly with the private sector. As a result, Vietnam’s SME financing initiatives have significantly diverged from international VC policy patterns
Business · Communism · Economics · Equity (law · Financial system · Market economy · Political science · Politics · Venture capital · Vietnamese · Innovation Policy and RD · Private Equity and Venture Capital · State Capitalism and Financial Governance · Finance
The iron cage revisited institutional isomorphism and collective rationality in organizational fields
Introduction
The Politics of State Sector Reforms in Vietnam
The limits of regulatory convergence
Privatisation as State Advance
Beneath the veneer of reform
Diffusion, transmutation, and regulatory regime in socialist market economies
Reinventing Vietnamese Socialism
The Obsolescence of Capital Controls
The international sources of policy convergence
When the birds sing. A framework for analysing domestic factors behind policy convergence
Learning from Abroad
The Mechanisms of Policy Diffusion
The Iron Cage Revisited
Corruption and the politics of economic decentralisation in Vietnam
Working On, Through and Around the State
The Globalization of Liberalization
Using Geographic Information Systems to Study Interstate Competition
| Obras citantes distintas | 8 |
|---|---|
| Citas por año | 0,67 |
| Intervalo de citas | 2014 - 2025 (12) |
| Velocidad de citación | recent |
| Altamente citado | No |
| Tipos de cita | Neutras: 8 |