POLICY GAPS AND SOCIAL WORK RESPONSES TO OLDER ADULT ENTREPRENEURSHIP IN VIETNAM

Authors

  • Thi Mai Huong Doan University of Labor and Social Affairs

DOI:

https://doi.org/10.18623/rvd.v23.5159

Keywords:

Older Adult Entrepreneurship, Entrepreneurship Policy, Social Work, Policy Gaps, Vietnam

Abstract

Population ageing is transforming labour markets and social policy systems in many countries, including Vietnam. As employment opportunities decline with age, entrepreneurship has increasingly emerged as an alternative pathway for older adults to maintain economic participation and financial independence. However, existing policy frameworks often fail to adequately address the specific needs of older entrepreneurs. This study examines policy gaps in supporting older adult entrepreneurship in Vietnam. Using secondary data analysis and a survey of 405 older adults, the study explores entrepreneurial motivations and access to entrepreneurship support policies. The findings show that older entrepreneurship is driven by both financial necessity and personal fulfillment, yet access to entrepreneurship support programs remains uneven. Existing financing mechanisms and training initiatives are often not designed specifically for older entrepreneurs, creating structural barriers to business development. The study highlights the need for more inclusive entrepreneurship policies and emphasizes the role of social work in connecting older entrepreneurs with financial resources, training opportunities, and community support networks.

References

Alkire, S., & Foster, J. (2011). Counting and multidimensional poverty measurement. Journal of Public Economics, 95(7–8), 476–487. https://doi.org/10.1016/j.jpubeco.2010.11.006

Aparicio, S., Audretsch, D. B., & Urbano, D. (2024). Institutional support, digitalization, and entrepreneurial activity during crises. Technovation, 126, 102865. https://doi.org/10.1016/j.technovation.2024.102865

Bagnoli, L., Megali, C., & Giannetti, C. (2020). Exploring the link between social entrepreneurship and older adults’ well-being. Sustainability, 12(6), 2464. https://doi.org/10.3390/su12062464

Bally, F., Bacq, S., & Lumpkin, G. T. (2024). Where and how do social entrepreneurs access resources? Journal of Business Research, 174, 114991. https://doi.org/10.1016/j.jbusres.2025.114991

Becker, G. S. (2015). Human capital: A theoretical and empirical analysis with special reference to education (3rd ed.). University of Chicago Press. https://doi.org/10.7208/chicago/9780226041223.001.0001

Bloom, D. E., Canning, D., & Fink, G. (2011). Implications of population ageing for economic growth. Oxford Review of Economic Policy, 26(4), 583–612. https://doi.org/10.1093/oxrep/grq038

Bohlmann, C., Rauch, A., & Zacher, H. (2017). A lifespan perspective on entrepreneurship. Small Business Economics, 49(3), 481–497. https://doi.org/10.1007/s11187-017-9865-9

Cavusgil, E., et al. (2021). Achieving aging well through senior entrepreneurship. Small Business Economics, 56, 1209–1230. https://doi.org/10.1007/s11187-020-00321-4

Cucculelli, M., & Peruzzi, V. (2023). Population ageing and entrepreneurship: Evidence from European regions. Small Business Economics, 61(3), 1289–1307. https://doi.org/10.1007/s11187-023-00749-7

Gray, M., Midgley, J., & Webb, S. A. (2012). The Sage handbook of social work. Sage Publications. https://doi.org/10.4135/9781446247648

Hagen, J., Naldi, L., & Karlsson, C. (2025). Founder age and new venture performance. Journal of Business Venturing Insights, 23, e00568. https://doi.org/10.1016/j.jbvi.2025.e00568

Harper, S. (2014). Economic and social implications of population ageing. Oxford University Press. https://doi.org/10.1093/acprof:oso/9780199576777.001.0001

Kautonen, T. (2013). Senior entrepreneurship policy. Small Business Economics, 41(1), 1–6. https://doi.org/10.1007/s11187-012-9413-6

Kautonen, T., Down, S., & Minniti, M. (2014). Ageing and entrepreneurial preferences. Journal of Business Venturing, 29(4), 479–494. https://doi.org/10.1016/j.jbusvent.2013.08.003

Kibler, E., Wainwright, T., & Blackburn, R. (2024). Ageing and entrepreneurs’ emotional exhaustion: The role of psychological capital and strategic choices. Journal of Business Venturing. https://doi.org/10.1016/j.jbusvent.2024.106360

Kibler, E., Wainwright, T., Kautonen, T., & Blackburn, R. (2015). Can social exclusion motivate entrepreneurship? Journal of Business Venturing, 30(4), 574–594. https://doi.org/10.1016/j.jbusvent.2014.09.003

Koomson, I., & Danquah, M. (2024). Entrepreneurship and subjective well-being: Evidence from longitudinal data. Journal of Business Venturing Insights, 21, e00456. https://doi.org/10.1016/j.jbvi.2024.e00456

Mair, J., & Marti, I. (2006). Social entrepreneurship research: A source of explanation. Journal of World Business, 41(1), 36–44. https://doi.org/10.1016/j.jwb.2005.09.002

Maritz, A., & Donovan, J. (2015). Entrepreneurship and ageing: The role of senior entrepreneurship. Education + Training, 57(8/9), 880–894. https://doi.org/10.1108/ET-03-2015-0019

Midgley, J. (2014). Social development: Theory and practice. Sage Publications. https://doi.org/10.4135/9781446279083

Nyoko, A. E. L., Hanafiah, M. H., & Hamid, H. A. (2024). Systematic literature review on senior entrepreneurship studies. Multidisciplinary Reviews, 7(2). https://doi.org/10.31893/multirev.2025193

OECD. (2013). Senior entrepreneurship. OECD Publishing. https://doi.org/10.1787/9789264193307-en

OECD. (2017). Policy brief on senior entrepreneurship. OECD Publishing. https://doi.org/10.1787/90803d4d-en

Patel, P. C. (2024). Earnings gaps and elderly self-employment: Evidence from developed economies. Journal of Retailing and Consumer Services, 77, 103675. https://doi.org/10.1016/j.jretconser.2024.103675

Ribeiro, M. I. B. (2023). Senior entrepreneurship: An emerging phenomenon in the silver economy. Journal of Entrepreneurship Research and Practice. https://doi.org/10.5171/2023.222232

Rubery, J., Grimshaw, D., Keizer, A., & Johnson, M. (2018). Challenges and contradictions in the ‘normalising’ of precarious work. Work, Employment and Society, 32(3), 509–527. https://doi.org/10.1177/0950017017751790

Serrat, O. (2017). Knowledge solutions: Tools, methods, and approaches to drive organizational performance. Springer. https://doi.org/10.1007/978-981-10-0983-9

Shah, D., & Chandra, Y. (2024). Entrepreneurial intervention programs and vulnerable populations: Policy implications for inclusive entrepreneurship. Journal of Business Research, 172, 114527. https://doi.org/10.1016/j.jbusres.2024.114527

United Nations. (2023). World population ageing 2023. United Nations. https://doi.org/10.18356/9789210014380

World Bank. (2020). World development report 2020: Trading for development in the age of global value chains. World Bank. https://doi.org/10.1596/978-1-4648-1457-0

Zhang, T. (2024). Opportunity entrepreneurship after age 65: Evidence from OECD countries. Journal of Small Business Management. https://doi.org/10.1080/00472778.2024.2301452

Downloads

Published

2026-03-18

How to Cite

Doan, T. M. H. (2026). POLICY GAPS AND SOCIAL WORK RESPONSES TO OLDER ADULT ENTREPRENEURSHIP IN VIETNAM. Veredas Do Direito, 23(5), e235159. https://doi.org/10.18623/rvd.v23.5159