Comparison of Entrepreneurship Profile of Indonesia and Vietnam

Abstract

ASEAN Economic Community is one a strategic regional initiative which has been considered as one important driver for economic growth of the region. Entrepreneurship is considered as one a key important driver, which should be taken into account. One of the extensive research network of entrepreneurship is Global Entrepreneurship Monitor. The GEM consortium has produced an entrepreneurship data which can be used to compare among countries. There are three main components in the GEM research model, namely the entrepreneurial framework conditions (EFC), entrepreneurship attitude and aspiration, and entrepreneurship activity. The entrepreneurial framework conditions (EFC) are collected from national expert opinions. The experts evaluate that the nine national conditions that may hinder the entrepreneurial activities. This paper aims to analyze entrepreneurship ecosystem in relation with their activity and aspirations in running businesses. Comparisons were done between Indonesia and Viet Nam.