The VCCI pointed out a number of weaknesses on the Global Entrepreneurship Monitor Vietnam Report 2013.
Even though more and more people want to go into business, only 37% of adults are aware of new businesses opportunities and just about 47% have an accurate notion of their own abilities to do business. The average in other countries are 61% and 69% respectively.
"This could be a consequence of the economic recession," said Luong Minh Huan from VCCI.
The report also pointed out that Vietnam still does not have proper economic education in primary through high school. The system focuses on teaching reading, writing and maths while ignoring soft skills.
Only three statistics in the report on business conditions in Vietnam were above average: infrastructure, market dynamics and cultural and social standards. Nine other areas showed weakness, including consultancy, auditing and accounting, pointing to the need for legal and other business support services in Vietnam.
According to the report, in order to boost entrepreneurs' confidence, Vietnam should maintain stability in the macroeconomy, ensure transparency in policy and create conditions for fair competition in all sectors.
