JOURNAL ARTICLE

DRIVING FACTORS AND CHALLENGES FOR THE FORMALIZATION OF HOUSEHOLD BUSINESSES IN HO CHI MINH CITY, VIETNAM.

  • Published In: Journal of Developmental Entrepreneurship, 2024, v. 29, n. 4. P. 1 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: HUYEN, HOANG THI THU; TAN, DO LY HOAI; YANG, LIANG EMLYN 3 of 3

Abstract

Small household businesses are widespread in Vietnam and are increasingly important for employment and economic growth. However, many are run informally which hinders their growth and harms the country's economy as well. We utilize logistic regression based on the 2017 Economic Census and 2022 field survey data of formalized firms in Ho Chi Minh City. The size of the household business, use of information technology and revenue transparency influence the intention to convert household businesses into formal enterprises. The transition process can be complicated by various factors such as a household business owner's unpreparedness, concerns about complications, fear of higher tax payments, limited internal resources, uncertain economic benefits and management regulations that are unsuitable for sole proprietorships. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:Journal of Developmental Entrepreneurship. 2024/12, Vol. 29, Issue 4, p1
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2024
  • ISSN:1084-9467
  • DOI:10.1142/S1084946724500262
  • Accession Number:182440770
  • Copyright Statement:Copyright of Journal of Developmental Entrepreneurship is the property of World Scientific Publishing Company and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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