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Fostering entrepreneurship in rural areas: A new approach for rural development in Vietnam

Today, in Vietnam, majority of the population lives in the countryside, entrepreneurship plays a vital role in rural development, then the country development. Entrepreneurship has been considered as an important driving force, a vigorous economic vehicle to accelerate the rural development. This paper aims to: i) analyse the concept of rural entrepreneurship; ii) explain why promoting entrepreneurship is a force of economic growth in rural communities; iii) discover what policies are necessary in order to create a favorable environment for entrepreneurship development in rural areas in our country. | Trần Chí Thiện Tạp chí KHOA HỌC & CÔNG NGHỆ 118(04): 173- 178 FOSTERING ENTREPRENEURSHIP IN RURAL AREAS: A NEW APPROACH FOR RURAL DEVELOPMENT IN VIETNAM Tran Chi Thien* College of Economics and Business Administration - TNU SUMMARY Today, in Vietnam, majority of the population lives in the countryside, entrepreneurship plays a vital role in rural development, then the country development. Entrepreneurship has been considered as an important driving force, a vigorous economic vehicle to accelerate the rural development. This paper aims to: i) analyse the concept of rural entrepreneurship; ii) explain why promoting entrepreneurship is a force of economic growth in rural communities; iii) discover what policies are necessary in order to create a favorable environment for entrepreneurship development in rural areas in our country. Key words: entrepreneurship, entreprenuer, driving force, rural development Introduction* Studies on the success of developing countries in the region and around the world have shown that rural development is more than ever before linked to entrepreneurship. Institutions and individuals promoting rural development now consider entrepreneurship as a strategic development intervention that could accelerate the rural development process. Development agencies consider rural entrepreneurship as an enormous employment potential. Politicians see it as the key strategy to prevent rural unrest. Farmers see it as an instrument for improving farm earnings. Rural women see it as an employment possibility near their homes which provides them with their autonomy, independence and a reduced need for social support. To all these groups, entrepreneurship stands as a vehicle to improve the quality of life for individuals, families and communities and to sustain a healthy economy and environment. Hence, necessary measures should be taken to create favorable condition for entrepreneurship development in rural areas in our country. Research Methods Logical .