This study aims to explore the relations between the factors of the start-up environment and entrepreneurial intentions of students in universities in Vietnam and the Philippines by combining key elements of the theory of reasoned action, theory of planned behavior, theory of entrepreneurial events and model of entrepreneurial potential. Research findings were expected to test the appropriateness of this proposed model in the context of Vietnam and the Philippines. A bilateral survey was carried out among 819 students at five universities in Vietnam and the Philippines and the Structural Equation Modelling was applied to calculate the causal factors of the students' entrepreneurial intentions. The findings suggested that subjective norms, entrepreneurial education, entrepreneurial desirability, and entrepreneurial motivation were positively related to perceived feasibility. Entrepreneurial education was the key determinant of entrepreneurial intention. Barriers for startups demonstrated a negative effect on the perceived feasibility. The central part of entrepreneurial education to entrepreneurial intention was confirmed in both states. Nonetheless, there are existing challenges in entrepreneurial education which required more respective supports from governments to promote the enterprise development.