VIETNAM NATIONAL UNIVERSITY UNIVERSITY OF ECONOMICS AND BUSINESS FINANCE AND BANKING Lecturer : Mrs. Ha Quynh Mai Student name : Nguyen Thi Ha Phuong Student ID :19050718 Major : Finance & Banking Intake : K64 School year : 2022-2023 Hanoi-2023 VIETNAM NATIONAL UNIVERSITY UNIVERSITY OF ECONOMICS AND BUSINESS FINANCE AND BANKING Lecturer : Mrs. Ha Quynh Mai Student name : Nguyen Thi Ha Phuong Student ID :19050718 Major : Finance & Banking Intake : K64 School year : 2022-2023 Hanoi-2023 DECLARATION I hereby declare that this is my own independent scientific research. The data used in the analysis in the thesis have clear origins and have been published in accordance with regulations.
The research results in the thesis are researched and analyzed by myself, honestly, objectively and in accordance with the reality of Vietnam. These results have not been published in any other studies. ACKNOWLEDGEMENT Throughout my graduate thesis research and implementation, I have been fortunate to receive enthusiastic and valuable support and encouragement. With deep appreciation and respect, I would like to extend my sincere gratitude to the following individuals and groups: First and foremost, I would like to express my heartfelt thanks to the teachers and experts of the Faculty of Finance-Banking, as well as those from other faculties within the school.
Their willingness to take the time to answer my questions and provide insightful analysis has been instrumental in building my confidence and enabling me to conduct this research with greater ease. I would like to offer my sincere thanks to MSc. Ha Thi Quynh Mai for her direct guidance and unwavering dedication in providing me with appropriate advice and direction wheneverI faced difficulties during the research process. Moreover, she has always been a source of encouragement and support to ensure that I am comfortable throughout the research.
As this is my first attempt at a graduate thesis, | am aware that there may be shortcomings and mistakes, and I would appreciate any feedback or suggestions that could help enhance the quality of the research paper. Table of Contents DECLAIRA TION. ăn ennnnninHHnHHhhanhhnHRAhHAAERSRSEESESEESESEESESEEESEEEESESEEESEEEESEEEESESE175/10774/57 2 ACKNOWLEDGEMENT wetness 3 LIST OF ABBREVIATION.u0etnnnniinnininieninnis 6 LIST OF FIGURES .aesssssssesesesscecessvsesesesesecnsensesesesesnseseniesesesneesesevssnesessnsesnsnenesesensnsecneinsesnsnseseninsesesnisennenninsinen 7 LIST OF TABLES titi 7 AB. nen HHAEEESESESEAESREEEEEEESESESESEEEESEESESESEEEEEEEESESESESESEEEEEESESESESEEEE 8 CHAPTER 1: INTRODUCTION.
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Proposed Research Model .cessssssssssssssesssesssescsescseessssesssteesseesseesseessueessntesssneesseessneeess 23 LIST OF TABLES Table 3. Reliability of Measurement Instrument. KMO and Bartlett's Test. Total variance expÌained.------ce+-xrxeecrkriirtriirtiiiiiiiiiiiiiiiiirrirrr 32 Table 4.
Rotation matrix results table on. Pearson's correlation analysis. Analysis of regression MOE]. Linear regression analySis .---ceeccrrkeetrrtiirtrtiirtrriiiririiirrriiiiiirrrirrerrrrrrerri 36 ABSTRACT Despite the rapid evolution of technology, its adoption into daily life has been relatively slow.
The lack of customer acceptance towards new technology remains a major obstacle for marketers. However, in Vietnam, a developing country, the trend of using online shopping services has been growing rapidly, especially among young people from Generation Z (aged 18-25 years). This study aims to construct a model based on the technology acceptance model to identify other factors that influence online shopping intentions. A survey was conducted, with 122 respondents including experts from various fields and university students.
The proposed model was evaluated using regression analysis. The results indicate that perceived ease of use and perceived enjoyment have a significant impact on online shopping intentions. Surprisingly, the effect of perceived usefulness was not significant, suggesting a need for greater awareness among the community about the benefits of online shopping. Additionally, this paper found that perceived ease of use has a significant positive effect on perceived usefulness.
Keywords: Perceived usefulness, Perceived ease of use, Perceived Enjoyment, TAM CHAPTER 1: INTRODUCTION 1. The urgency oftopic Generation Z has become an attractive prospect for retailers worldwide due to their growing numbers and dominance in global markets. Generation Z consumers show little loyalty to specific brands and it is not easy to get and keep their attention. According to researchers and the media, Generation Z are young people born between the decade of 1995 and 2012, they are the first to have access to technology from a very young age and have a monetary, technical and economic mindset, which can change the world in the future.
Most Gen Z consumers are highly educated, creative and tech-savvy. Generation Z are the ones who create new trends, make an impact in the consumer segment, are the object of fast access to online shopping because of frequent use of online tools and easy to update trends. Therefore, Gen Z is a very important customer that needs to be studied. In Vietnam, according to the survey results on Internet use in Vietnam, up to 68.17 million Vietnamese people use the Internet, accounting for 70% of the population and 24% of the population buying products online (Vietnam Internet Statistics, 2021).
They will continue to use this way of buying and selling in the future. From the above statistics, Vietnamese people gradually prefer online shopping and trust more in online security measures. In which, up to 95% of Vietnamese internet users aged 15-25 belong to Generation Z, and in this age group, most of them are students, students and public employees. Gen Z is very active.
should adapt very quickly to new things, so this is a very interesting object. Therefore, I chose the topic "The trend of online shopping of Generation Zin Vietnam: Impact of enjoyment in TAM model” to conduct a survey and research on the online shopping behavior of Gen Z in Vietnam. Thereby proposing a number of solutions to help businesses and retailers that provide online sales services make more appropriate adjustments to meet the expectations of Gen Z after buying online. Research overview In the study "Determinants of Consumer’s Willingness to Purchase Online in Malaysia: The Role of GEN Z’s Attitude" of Mondol et al.
(2021), researchers have investigated the relationship between perceived usefulness, perceived ease of use, and prior online purchase experience with online purchase intention. The study looked at how attitudes affected attitudes between perceived utility, perceived ease of use, and prior online buying experience with purchase intention. The findings showa positive and significant correlation between perceived usefulness, perceived usability, and purchase intention. In addition, there was no link between previous online purchase history and intention to make a purchase online.
According to research by Hidvégi and KelemenErdos (2016), authors drew on primary and secondary data from a 1,055-person online poll. According to research, Generation Z youth focus significantly on personal experience and consider quality and affordability when making purchasing decisions, with little respect for the opinions of others. Despite the fact that the internet is their primary source of information, individuals still seek feedback from others in the majority of cases before making purchasing decisions. According to research, Generation Z depends largely on personal experience and considers quality and affordability when making purchasing decisions, and cares little about other people's opinions.
Wood (2013) indicates that Generation Z is thought to be at ease with technology and the global world. Because of their age during the economic collapse, they will most certainly exhibit some significant consumer-driven distinctions from Millennials. According to the author, Gen Y and Gen Z are frequently blended and share many traits, most notably their technical expertise and comfort level in the global world. However, due to their age during the economic downturn, Generation Z is likely to exhibit significant differences in consumption orientation when compared to Generation Y.
The authors identify four trends that may characterize Generation Z as consumers: Innovation, Convenience, Security and Escapism. Priporas, Stylos, and Fotiadis (2017) use a series of semi-structured in-depth interviews with 38 university students-consumers in the UK market. The findings suggest that smart technology has a significant impact on the experiences of Generation Z customers. Furthermore, this consumer group anticipates the widespread availability of a plethora of new devices and electronic processes.
substantially, giving customers more control and faster transactions. They also believe that technology will allow them to make more informed purchasing decisions. Interviewees also emphasized the importance of educating consumers on how to use new smart retail applications. When searching about “Teen Generation Z is being called millennials on steroids and that could be terrifying for retailers’, Schlossberg (2016) investigated Generation Z customers’ present perceptions, expectations, and recommendations regarding their future interactions in the smart retail landscape.
The authors employed a qualitative technique, conducting 38 semi-structured in-depth interviews with university students-consumers in 10 the UK market. The findings indicate that smart technology has a substantial impact on the experience of Gen Z consumers. Interviewees also underlined the significance of educating customers on how to use retail applications. Furthermore, some participants expressed reservations about the impact of further promoting smart retail on a segment of the job market.
This demonstrates that Generation Z has higher expectations, is less loyal to brands, and is more concerned with the experience. Generation Z is a unique cohort that has grown up with technology and a global worldview. Research conducted by Mondol et al. (2021), Hidvégi and Kelemen Erdés (2016), and Wood (2013) suggest that Generation Z has a positive attitude towards technology and is more accepting of diversity and cultural differences.
Moreover, these studies have also shown that Generation Z is more independent in their purchasing decisions and less influenced by the opinions of others. However, Schlossberg's (2016) article indicates that the buying behavior of Generation Z is more focused on the shopping experience rather than the brand they purchase from. This finding suggests that Generation Z values personalized shopping experiences that cater to their individual preferences and interests. Based on previous studies, this study will aim to identify the factors that influence Generation Z's online purchasing decisions, such as product quality, price, convenience, and the shopping experience.
Additionally, the study will explore the impact of social media and other digital marketing strategies on the purchasing behavior of Generation Z. The results of this study will provide useful insights for businesses looking to target Generation Z consumers in the Vietnamese market. In conclusion, while previous studies have shed light on the general attitudes and behaviors of Generation Z, this study will provide a more comprehensive understanding of their online shopping trends. By analyzing the data collected from the survey and authentic documents, this study will provide valuable insights that can help businesses tailor their marketing strategies to effectively target Generation Z consumers.
Research objectives - Rationale for the online shopping behavior of Generation Z. - Identify and evaluate the impact of factors affecting the online shopping intention of Generation Z consumers. - Propose some solutions to improve the quality of online shopping services for Generation Z. Research question What factors influence the decision on electronic buying behaviors in Generation Z? The impact of factors on the decision on electronic buying behaviors in Generation Z? 1.
Research scope Generation Z (15-25 years old) is using the internet, used to shop online. The content focuses on studying the behavior, shopping habits, and factors that affect the purchase of this group Research space: Internet environment in Vietnam Research period: 2019-2022 1.