Conditions for the development of Vietnamese business and entrepreneurship in Poland

Abstract

This paper outlines the history of the development of Vietnamese business and Vietnamese businessmen and entrepreneurs community in Poland. This special period of history of development was to be divided into two main phases. In addition, this article has analyzed the factors affecting international entrepreneurship spirit and international entrepreneurship capacity of this Vietnamese business community here in Poland. These factors are well identified in the overview part of international startups and international entrepreneurship study. The study showed that these factors include: foreign market appeal, government policies, compatibility of business practices, and adaptability to foreign markets. In the research part of this article, these factors were taken to be reanalyzed for the Vietnamese business community in Poland and showed why Vietnamese people choose Poland to be a good place for family settlement and for doing long-term business. Moreover, the success factors and success barriers behind their business development compared to the community of Chinese businessmen and entrepreneurs who came to Poland just only several years later have also been clearly identified. The research results show that, to strengthen the position and to raise the business awareness of Vietnamese business community in Poland, to strengthen it into a more developed and unified community for the purpose of future sustainable development, Vietnamese embassy in Poland with all of its networks of partnership, Vietnam's foreign trade promotion and trade representative agencies, and the diverse Vietnamese associations in Poland, both for profit and non-profit, need to play an interactive role to support Vietnamese businessmen and entrepreneurs to understand indigenous business practices, to overcome language and culture barriers in a bid to better integrate with the Polish business and social environment.