Current State and Solutions for Developing the Innovation Entrepreneurial Ecosystem in Soc Trang Province

The research aims to analyze the current status of entrepreneurship and propose policies and mechanisms to promote entrepreneurship and innovation in Soc Trang province, Vietnam. The study utilizes a mixed-method approach combining qualitative and quantitative research. The results indicate that the majority of startup businesses operate in agriculture, food processing, and wholesale/retail sectors, with low revenue and lack of experience. The biggest barrier is the lack of capital, requiring strong support from local organizations and the government. Therefore, the article also proposes solutions to enhance entrepreneurial activities and economic development in this province.

Authors

Publication Details

Journal
Journal of Development and Integration
Published
2024-08-26
DOI
https://doi.org/10.61602/jdi.2024.77.08
Primary Topic
Entrepreneurship Studies and Influences
Type
article
Field-Weighted Citation Impact
0.00
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article

Current State and Solutions for Developing the Innovation Entrepreneurial Ecosystem in Soc Trang Province

Minh Hai Ngo, Anh Ba Nguyen, Ha My Tang
Journal of Development and Integration
Entrepreneurship Studies and Influences
article

Current State and Solutions for Developing the Innovation Entrepreneurial Ecosystem in Soc Trang Province

Minh Hai Ngo, Anh Ba Nguyen, Ha My Tang
article en

Abstract

The research aims to analyze the current status of entrepreneurship and propose policies and mechanisms to promote entrepreneurship and innovation in Soc Trang province, Vietnam. The study utilizes a mixed-method approach combining qualitative and quantitative research. The results indicate that the majority of startup businesses operate in agriculture, food processing, and wholesale/retail sectors, with low revenue and lack of experience. The biggest barrier is the lack of capital, requiring strong support from local organizations and the government. Therefore, the article also proposes solutions to enhance entrepreneurial activities and economic development in this province.

Journal of Development and Integration(77)
Decent work and economic growth
Openalex Percentile: Top 77%
Entrepreneurship Studies and Influences
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