Report on Venture Types, Characteristics, and Economic Impact Analysis

This report provides an in-depth analysis of various entrepreneurial venture types, including small business entrepreneurship, SMEs, large-scale entrepreneurship, and social entrepreneurship, with a focus on their characteristics, objectives, and associated risks. It explores the comparisons and discrepancies between these ventures, examining their organizational structure, employee numbers, and market impact. The report also delves into the understanding of entrepreneurship within the corporate and public sectors in Vietnam, highlighting the roles of state-owned enterprises and private companies. Furthermore, it critically examines the scope, enhancement, and improvement of entrepreneurial ventures, emphasizing the importance of innovation and adaptation in a competitive market. The report concludes by evaluating the significant impact of micro and small businesses on the economy, explaining their value in developing the social economy and assessing the overall difference that firms bring to economic growth and stability. This document is available on Desklib, a platform offering a wide range of study tools and solved assignments for students.

Contents
Introduction......................................................................................................................................2
LO1. Explore and illustrate the range of venture types that might be considered entrepreneurial. 3
I. Types of Entrepreneurial ventures............................................................................................3
1. Small Business Entrepreneurship.........................................................................................3
2. SMEs....................................................................................................................................4
3. Large scale entrepreneurship................................................................................................4
4. Social entrepreneurship........................................................................................................5
II. Exploration of the comparisons and discrepancies between projects for entrepreneurship....5
III. The understanding of entrepreneurship in the corporate and public sectors..........................8
IV. Critically examine the scope, enhancement and improvement of entrepreneurial................9
ventures........................................................................................................................................9
LO2: THE IMPACT OF SMALL BUSINESSES ON THE ECONOMY....................................10
I. Micro and small business impact on the economy.............................................................10
II. Explain to the development of the social economy the value of small companies and
start-ups......................................................................................................................................11
III. Evaluate the difference that firms bring to the economy................................................12
Conclusion.....................................................................................................................................15
References......................................................................................................................................16
1

Introduction
Nowadays, numerous financial backers have to be come to Vietnam. In this Asian country, they
had to create and develop an alliance. Financial supporters are also urged to have a decent
knowledge of a broad variety of action plans and how they interact under Vietnamese Corporate
Law prior to pouring money into Vietnam.
Including an understudy for a Danang Consulting company, which provides small companies
and financial professionals with certain exhibition bits of expertise. I undertake the role of
analyzing unmistakable types of adventures and their impact on the economy in order to give the
Wecare community a report. The research would key in on illustrating the reach of adventure
styles that may be seen as creative and analyzing the effect on the economy of small
organizations. This paper would describe various kinds of imaginative meanders, explain how
they classify, decipher and survey data with business venture typology to show what independent
companies do for the economy and why it plays a significant part. That provide private and
open sector data in the Vietnamese sense. The last one consists of the end and the references.
2

LO1. Explore and illustrate the range of venture types that might be
considered entrepreneurial
I. Types of Entrepreneurial ventures
1. Small Business Entrepreneurship
Small business venture as a property manager, handyman, specialist, handyman, freelance
designer, personal coach, freelance visual fashioner, resume author, interpreter, garden planner,
etc. Small business venture as a property manager, handyman, specialist, handyman, freelance
designer, personal coach, freelance visual fashioner, resume author, interpreter, garden planner,
etc. To satisfy the requests of daily life, they make the net profit package. Their money is just a
small amount of cash that may be paid out of the bank or relatives' private venture credits or
advances.
Small Business Entrepreneurship has taken into account a lone feature of restricted incentive
business enterprise in Vietnam. As in keeping with Article seventy-three of the Law on
Enterprises 2014 found that Single - element restrained chance is an enterprise asserted through a
person or affiliation. The business enterprise owner is chargeable for the duties and distinct
liabilities of the business enterprise, which depend upon the diploma of the business enterprise's
sanction capital. This affiliation cannot be authorized to present shares.
Coming up next are attributes of a solitary part restricted risk organization.
 About organization individuals: Only a single person or group controls an organization.
So this person would have power, supervisors, and direct jurisdiction over the exercises
of the organization.
 About the organization's contract assets: Absolute consideration of the properties
submitted by the owner to make a donation. Proprietors should entirely invest the
services as submitted when enlisting with the business base, efficiently. As far as possible
the capital investment is 90 days from the date of issuance of the Company Enlistment
Certificate. In the event of lacking commitment, the proprietor should do techniques to
change the contract capital of the one - part restricted risk organization.
 About the proprietor's property risk: the owner of the organization is responsible for the
liabilities, moreover, duties within the statutory resources of the organization.
3

 On capital preparation: The organization will favor the issuing of non-convertible
customary notes, loans from homegrown and unfamiliar partnerships and individuals
(powerlessness to issue shares).
 About lawful status: From the day the Declaration of Trade enlistment is allowed, the
company will have legal status. Approximately exchange or assignment of money: the SLLC
should enroll for transition into an LLC, so to speak bit of the constitutional capital, a theoretician
trades. The latest recipient should be included in the Company Registration Certificate issued by
the Registration Office for Companies.
2. SMEs
Small and medium-sized enterprises (SMEs) are neutral, non-impartial companies that employ
far less than a positive workforce. This range differs from one of us to one of us. Most generally,
the top cap appoints a small to medium-sized company with 250 employees. A few international
locations, however, have a maximum of two hundred workers in the area. (Kessler, 2007)
3. Large scale entrepreneurship
Large Scale Entrepreneurship such as Microsoft, Google, Twitter, Apple or Facebook, etc. are
defined by CBSE Indian Leading Instruction Body (2020). The number of life cycles has been
determined by these organizations. This form of organization needs a high degree of knowledge
because associations need to produce and promote the new and most affordable inventive result.
Wide Scale Entrepreneurship has looked at Vietnam as a corporate enterprise. A corporate
organization is defined by Article 110 of the Law on Businesses 2014 (of Vietnam) as the
unlimited number of investors of 3 and the unlimited number of unlimited investors of the
unlimited number of unlimited number of unlimited investors of 3. (Shareholders can be
associations or individuals). The capital of building is held to climb to pieces called offers.
Investors can justify on the basis that they have the option of bearing the undertaking's
obligations and separate liabilities up to the amount of the money applied to the undertaking.
Investors have the ability to freely share their ideas with other individuals. A business enterprise
has the right, all things considered, to issue offers to collect money.
4

4. Social entrepreneurship
As long as I'm involved, as a non-profit organization, Social Entrepreneurship is listed. This
organization requires the community to offer free goods and services. They are inspired to serve
and assist the community, including those with disabilities, the disabled, and kids that don’t have
parents.
Types of Social Business:
 Public efforts, right from their outset, set specific social priorities and missions.
 Using exchange works out, fair rivalry can well be concluded in order to accomplish
social aims.
 Utilizing much of the trade opportunities works to give back to the organization, the
environment, and social priorities.
In Vietnam, Article 10 of the Businesses Act 2014 allows for a social endeavor for the
primary time frame. A social activity is, properly, an effort registered for establishment under
the course of action of Vietnamese law; operational goals to unravel social and general
challenges for the good of the community; use at least 51% of the year involve up to the
benefit of the exchange and re-invest to meet the social and distinctive goals as enlisted.
II. Exploration of the comparisons and discrepancies between projects for
entrepreneurship
Objectives Risks associated Structure Number of
Employees
Small Business
Entrepreneurship
Those
organizations
could have no
purpose and
arrangement of
artifacts and
pick-up works
less benefit and
For
organizations of
the same size,
rivalry is strong.
There is no
proper
organizational
structure and
associations are
sometimes
managed.
Less than 500
staffs
5

assessments
SME’s Ensuring that
Union practices
and activities are
favorable to
small businesses
and contribute to
making a nation
more
competitive for
starting a
company and an
enterprise.
+ Threats
dependent on
consumers
+ Threats
dependent on
vendors
+ Threats
dependent on
staff
Corporations
mostly.
Relies on the
scale of the
organization.
Large Scale
Entrepreneurship
The
association's
goal is to remain
on the market
through the
production of
new goods or
administration
and the
promotion of
techniques..
Because of their
image esteem,
the big company
usually worked
out how to cope
with bulk.
The hierarchical
system is also
relational.
The number of
employees can
reach 1000 or
more.
Social
Entrepreneurship
Offer goods or
administrations
of excellence to
let the planet
have a superior
life.
Because of their
vision, these
organizations
are routinely
upheld by the
government and
Trustee-based
organizations,
primarily.
It depends on
the scale of the
organization.
6

the media, but it
has no risks.
• Corporate Entrepreneur and Large Enterprise
In a modern market world, particularly big projects, it will be difficult for organizations to make
due. For example, it takes business expertise to search for promising situations, to meet
obstacles, to adapt, and to be constructive. Therefore, it is assessed that major companies should
take action to develop their industry in order to empower the emergence of new elements in the
existing business advancement framework.
• Entrepreneurship of technology and small and medium businesses (SMEs)
In general, the use of mechanical power is typically acceptable for small to medium-sized
businesses (SMES) because it actuates the degree of inventiveness to generate imaginative
solutions just as it enhances the opportunity to explore and predict shifts in business drifts, which
indicates that they would have a strategic advantage. SMES may confront difficulties, for
example, absence of subsidizing, however once they get the help, the advantages of utilizing
innovation pioneering soul in light of the fact that their development base will exceed the
expense.
• Social Entrepreneurship and Social Enterprise
Over the long term, social business projects have grown as an ever growing number of
organizations partner together with visionaries of social business in which they are associated
with the core purpose and qualities of the company to look for exciting circumstances. Company
may carry social and monetary qualities or provide social experiments with endowments. In light
of similar exercises and priorities in all social realms endeavors and social undertakings where
they take care of social issues, address social issues and for social assignments, the two of which
are proposed to be viable (Granados, 2011).
III. The understanding of entrepreneurship in the corporate and public sectors
 Public Sector.
Two elements of the public sector operate under Vietnamese law is the government sector and
the state-owned private sector.
7

The public sector is an area consisting of organizations controlled and run by the government.
Public sector has the authority to provide public goods and services that are non-market focused.
Central and local governments and social insurance will be included in this market, donations
such as retirement, life care, insurance for unemployment, etc.
The state-owned company segment is the body that has the authority to pick employees, sheets of
chiefs and controllers within the state whose half of the offers are kept by the state for agreement
approaches. Two financial and non-financial realms. The state-owned corporate sector plays a
very significant role in state administration, contributing to the promotion and stabilization of the
national economy. For eg, Da Nang Textile Joint Stock company: (the government holds 30
percent of the shares).
 Corporate sector
As a means of involving the corporate zone in a manner analogous to the personal zone. The
aspect of the economic system is the private area that deals with the aid of the use of persons or
societies for profit and without the supervision of the authorities (Jason Gordon, 2020). For
example, some of Joint Stock company like Tai Duc, Hoa Phat, or Vinamilk Corporation. The
owners, partners, investors, and managers own shares. The authority does not decide the CEO,
the board of directors, or the company's management committee. The personal zone operates for
earnings functions and uses more employees than the general public zone. Private zone industry
is established with the assistance of the creation of a whole new commercial sector or the
privatization of an enterprise within the public zone. Transactions within the private currency
zone can be carried out either privately or publicly. Businesses with inside the personal zone
lessen costs of products and offerings to compete with every different to be able to trap
purchasers to shop for their very own items or offerings in preference to the ones of competitors.
IV. Critically examine the scope, enhancement and improvement of entrepreneurial
ventures.
Key Partner Key Activities Value
Proposition
Customer
Relationship
Customer
Segments
+ Hospitals + Service + Procurement + self-service + local people
8

+ Yoga and
gym
+ Private care
clinics
+Drugstores
promotion
+ Ensuring
adequate
healthcare
service platform
(hospital,
private clinic,
yoga)
+ Satisfying the
need for a safe
and healthy life.
+ automated
services
+ co – creation
+ foreigners
living in
Danang (from
20 to 50 years
old)Key Resource
+ Framework
for Software &
Hardware
development
+ Production of
Censors
+Storage of
Data
Channels
+ advertisement
(media channels
and influencer)
Cost Structure Revenue Stream
+ collaboration
+ marketing
+ tech flatform
+ travel service provider
+ individuals installing the app
+ advertisng
+ commission from healthcare
9

10

LO2: THE IMPACT OF SMALL BUSINESSES ON THE
ECONOMY
I. Micro and small business impact on the economy.
In Vietnam, the conditions for the decision of small and medium-sized companies are laid out in
Government Decree 90/2001 / ND of 23-11-2001. The definition for small and medium
businesses is as follows: "SME’s are independent production and business establishments that
have registered their business according to current law, have registered capital of not more than
10 billion VND or the average number of employees per year does not exceed 30 people". Which
according to Vietnam Digital Economy Forum-VDEF2018, more than 93% of all established
enterprises in Vietnam are small and medium-sized enterprises, particularly 80% of state-owned
enterprises have a position in the small and medium-sized enterprise community. Under the
private division, 97 percent of capital and 99 percent of work is accounted for by small and
medium enterprises relative to the total number of enterprises within the country. Small and
medium-sized companies play an increasingly significant role in the economies of each region,
with countries with a high degree of improvement. For Vietnam, in particular, the role of a small
and medium-sized company is indeed more important.
 SMEs make up a large proportion of the total amount of endeavors:
The results of the Economic Census 2017 are based on the results of the General Statistics
Office. Vietnam had nearly 517,900 activities, up 51.6 percent relative to 2012. 98.1 percent
was reached by small and medium ventures.
 The biggest job creation platform in Vietnam is for SMEs:
Specifically, estimates from the General Statistics Office show that: almost 1 million workers are
employed by small and medium-sized businesses, comprising 49 per cent of the national
workforce; the number of employees in small and medium-sized companies in the central coastal
regions is the highest in the country relative to the number of employees in other branches
(67%); the Southeast has the lowest levels (44%) according to the national standard.
11

In November 2020, the number of recent companies grew by 7.3 percent from the previous
month then by 6.7 percent in the same period in 2019, according to the General Statistics Office;
the number of returning enterprises rose by 5.4 percent and 59.8 percent, overall.
In general, the overall nation had about 124.3 thousand recently set up ventures during the eleven
months of2020, down 1.9 percent from the same period last year, in any case, the usual enrolled
capital grew by21,7 percent per recently set up company.
It comes to the conclusion that the start-up culture in Vietnam is prospering from the stuff I have
written above. And start-ups have given everybody a lot of benefits in the future.
II. Explain to the development of the social economy the value of small companies
and start-ups.
Small organizations and sector new enterprises' growth paces have an immense effect on the
country's monetary situation. The advancement of trade counts the turn of events or
improvement of the country. The advancement will be estimated as far as turnover (the amount
to the measure of money made by the company). Usually, the most estimating instrument to
check the monetary state of the organization since that is comparative with the social economy,
business rate: in case if any trade provides the job rate during the year, which means that the
amount of products, enhancement rate, agreements, organizations and transparency to the general
public are all improved.
These organizations are continually created, generate jobs and have the potential to be a large
part of the country's economy. To thrive, they deliver venture freedoms. By great imaginative
musings and additions to their age rate, it contributes to society. It helps individuals to frame the
goods and offer their organizations.
It is the sort out where specialist overhauls their mastery, show up their capacity and gain ground
their vocation diagram too. The monetary state of society will address by these little
organizations. Neighborhood board completes the exchange of town, city, or country. This board
will focus on the specific exchange what around their work and the amount they add to the
countryThe consistency and calculation of the commodity conveyed by the limited-scale
corporation would produce certifiable monetary advancement. It may be a combination of land,
company, cash, private enterprise. There are different factors too which increment the age rate
12