The Influence of Human Capital on the Entrepreneurial Success of Businesswomen in Vietnam

For the economy, human capital is the driving force of economic growth, affecting overall living standards. Improving human capital has become one of the main concerns in discussions on economic growth and development policy. The important role of human resources in economic development has received the agreement of many scholars, such as Barro & Lee (2010) [2] and Hanushek (2013) [18]. Starting a business is considered one of the strategic directions of countries around the world in this day and age because it is considered necessary for sustainable economic development, job creation, poverty reduction, and promoting economic growth (Misoska et al., 2016; Otache et al., 2021) [30, 32]. This paper aims at providing a comprehensive empirical examination regarding the influence of human capital on the entrepreneurial success of businesswomen in Vietnam. We used primary data from a survey of 500 businesswomen in Vietnam during 2021–2023, and there were 364 valid survey questionnaires included in the analysis, including descriptive statistics, reliability analysis of scales, and correlation analysis. Our findings suggest that human capital has a positive influence on the entrepreneurial success of businesswomen in Vietnam. Based on the research findings, our study emphasizes that human capital and entrepreneurial success among businesswomen in Vietnam need urgent improvement to support the business performance of firms.