MINISTRY OF EDUCATION AND TRAINING THE STATE BANK OF VIET NAM HO CHI MINH UNIVERSITY OF BANKING PHAM THAI HOANG NHAN FACTORS AFFECTING ONLINE SHOPPING INTENTION IN TIKTOK SHOP OF STUDENTS AT HO CHI MINH UNIVERSITY OF BANKING GRADUATE THESIS Major: Business Administration Code: 7340101 SUPERVISOR Dr. TRAN NGOC THIEN THY HO CHI MINH CITY, 2022 MINISTRY OF EDUCATION AND TRAINING THE STATE BANK OF VIET NAM HO CHI MINH UNIVERSITY OF BANKING Name: PHAM THAI HOANG NHAN ID Student: 030334180179 Class: HQ6-GE03 FACTORS AFFECTING ONLINE SHOPPING INTENTION IN TIKTOK SHOP OF STUDENTS AT HO CHI MINH UNIVERSITY OF BANKING GRADUATE THESIS Major: Business Administration Code: 7340101 SUPERVISOR Dr. TRAN NGOC THIEN THY HO CHI MINH CITY, 2022 i ABSTRACT This thesis aims to explore the factors affecting online shopping intention of students at Ho Chi Minh University of Banking in TikTok Shop. This study is based on a literature review on shopping intention and previous studies.
This study conducts quantitative research methods. In the quantitative research, the author collects survey questionnaire data from 300 students at Ho Chi Minh University of Banking in TikTok Shop who know about TikTok Shop. Based on the research results, the author shows that five factors affect online shopping intention of students: Perceived Usefulness, Perceived Ease of Use, Price Expectation, Perceived Risk, E-WOM. Meanwhile, the Perceived Usefulness factor has the most decisive affect on the online shopping intention, the E-WOM factor has the weakest impact.
From the study results, several governance implications have been proposed to improve and enhance efficiently and effectively in the development of the e-commerce TikTok Shop in the future. Keywords: TikTok Shop, affecting factors, online shopping intention, students ii AUTHOR’S DECLARATION I hereby declare that the thesis ―Factors affecting online shopping intention in TikTok Shop of students at Ho Chi Minh University of Banking‖ is the result of my research conducted over 10 weeks. Except for references from previous research works as stated in the thesis, the survey data and the results of the thesis are completely honest and have not yet been published in any research work before. Ho Chi Minh, November 2022 Pham Thai Hoang Nhan iii ACKNOWLEDGEMENT I would like to express my gratitude from the bottom of my heart to my supervisor, Dr.
Tran Ngoc Thien Thy. Thanks to her dedicated guidance and wholehearted sharing, I was able to successfully complete my bachelor thesis. During the process of writing this thesis, I lost a lot of mistakes but she enthusiastically told and suggested the best solution so that I could complete this thesis well. Furthermore, I am grateful to all the professors and lecturers from the Ho Chi Minh University of Banking who educate me with vital comprehensive knowledge and essential skills throughout my syllabus at university.
Last but not least, I also want to thank the examiners for your pivotal time and consideration to review my graduation thesis. iv TABLE OF CONTENT ABSTRACT. iii TABLE OF CONTENT. iv LIST OF ABBREVIATIONS.
viii TABLE LIST. ix FIGURE LIST .x CHAPTER 1: OVERVIEW OF THE RESEARCH. The necessity of the research. Research subject and scope .5 CHAPTER 2: LITERATURE REVIEW AND REVIEW RESEARCH MODELS.
Online Shopping Intention. Relevant theoretical models. Perceived ease of use (PEU). Electronic word of mouth (E-WOM).28 CHAPTER 3: RESEARCH METHODOLOGY.
Process of research. Building the scale. Data processing method. Cronbach’s Alpha analyzing.39 vi SUMMARY CHAPTER 3 .40 CHAPTER 4: THE RESEARCH RESULT.
Scale Reliability Testing. Exploratory Factor Analysis. Factor analysis for the independent variable. Factor analysis for the dependent variable.
Testing the Fit of a Regression Model. Regression analysis results. Testing the Normality of Residuals. Testing the constant residual variance.
Practical Implication and Suggestion. Perceived Ease of Use. Limitations and Future Research .64 vii SUMMARY CHAPTER 5 .72 APPENDIX 1: QUESTIONNAIRE DESIGN .72 APPENDIX 2: DATA ANALYSIS RESULT .76 viii LIST OF ABBREVIATIONS Acronym Definition PU Perceived Usefulness PEU Perceived Ease of Use PE Price Expectation PR Perceived Risk E-WOM Electronic Word of Mouth EFA Exploratory factor analysis KMO Kaiser-Meyer-Olkin test Sig. Significance level Statistical Package for the Social SPSS Sciences ix TABLE LIST Table 2.1: Related research models .2: Previous study summary .1: Measurement scale of observed variables .2: Coding the variables of the scale .2: Scale Reliability Testing .3: KMO and Bartlett's Test for the independent variable .4: Eigenvalues and covariance deviations for the independent variable .5: Factor loading for the independent variable .6: Table KMO and Bartlett's Test for the dependent variable .7: Eigenvalues and covariance deviations for the dependent variable .8: Factor loading for the dependent variable .9: Pearson correlation analysis .12: Coefficients Analysis for Independent Variable .14: Summary of hypothesis testing results.
57 x FIGURE LIST Figure 2.1: Research model proposed by the author .2: Scatter plot chart. 56 1 CHAPTER 1: OVERVIEW OF THE RESEARCH 1. The necessity of the research Currently, Vietnam ranks 48/60 countries with the fastest digital economy transformation in the world, and 22nd in terms of digitalization development speed (Nguyen, T. It proves that Vietnam is in the digital economy and the e- commerce field has a further prospect.
More than 90% of users who install an e-commerce app shop at least once per month, with 60% shopping three or more times. Analytical figures from 2,500 Vietnamese users in the third quarter of 2018 on how to use retail and shopping apps show that 89% have taken all steps to make an in-app purchase, 82% have taken all the steps to make an in-app purchase. said that they choose because they find it more enjoyable and convenient to shop through apps, more than 70% believe that financial information is stored more securely than shopping from the website. The trend of commerce on mobile devices is driving online retailers to invest in applications to reach customers.
Statistics show that the rate of using mobile apps for shopping has increased from 40% in 2016 to 72% in 2018 (Viễn Thông, 2018). According to data from Statista, on average, each user in Vietnam spends about 54.89 USD/year (about 1.27 million VND) or only 106,000 VND/month to shop online. The proportion of users participating in online transactions reaches 52.5% and is expected to reach 55.9% in 2022, whereas in developed countries this figure is more than 70%. In 2018, there were 49 million users participating in online shopping, accounting for 76% of the number of Internet users.
Besides favorable factors and conditions, Vietnam is also facing many barriers such as: fierce competition of rivals; Consumer confidence when shopping online is still low; Delivery and order fulfillment services have not kept pace with demand. Especially, despite the recent rapid growth, e-payment in Vietnam is still in potential form, far behind compared to with many countries in the region and around the world. 2 For the vast majority of current social network users, TikTok has been and is a social networking platform that is particularly noticed by the young user community, belonging to Generation Z. This is also the generation of students at Ho Chi Minh University of Banking - one of the large educational institutions in Vietnam, training many professions and levels.
With the advantage of a very large number of university students studying, this is considered an age group with very high cognitive development. Thanks to the sense of maturity, students have the knowledge, attitude and self-assessment ability to adjust their own growth in the right direction of society. In addition, this is also the age group that spends a lot of time using the internet in general and has a positive view of social changes, especially about online shopping. At the end of April 2022, TikTok was officially launched.
TikTok Shop e- commerce solution in Vietnam market. With the advantage of a large number of users and a new "review" approach, this will be the next platform to enter the online retail market in Vietnam along with Shopee, Lazada, and Tiki. As a platform that is still too new to do business in the field of e-commerce, being competitive with competitors in the same segment and still having some customers are still concerned when shopping online on the TikTok Shop platform is an unavoidable thing. Although there are many theories in the world today, Research model to explain the factors affecting the intention of consumers to buy online, and in Vietnam, there have been many studies on the intention to buy online.
However, with the TikTok Shop business, there is still no research to study the shopping intentions of customers. Understanding the factors that affect the purchase intention of consumers will help businesses maintain current customers, attract and attract potential customers. Therefore, the author conducted the thesis “Factors Affecting Online Shopping Intention in TikTok Shop of Students at Ho Chi Minh University of Banking” in order to focus on exploring and analyzing factors affecting online shopping intention of students (young customers) at Ho Chi Minh University of 3 Banking and the level impact of each factor on students in this period. Through the study, we can understand factors motivating students in Ho Chi Minh City shopping online in TikTok Shop.
Finally, the research could make some recommendations to help TikTok companies could increasingly expand and develop the market in Vietnam in the coming time. Research Objectives The general objective of this study is to study the factors affecting online shopping intention at the TikTok Shop of students at Ho Chi Minh University of Banking and then assess the extent of their influence on online shopping intention at TikTok Shop at university. Based on the research results, the study will propose suggested solutions for e- commerce companies in general, especially TikTok Shop. Increasing customers' trust in this communication channel, thereby boosting profits from this sales channel.
To achieve this general goal, this study sets out the following specific research objectives: - Determining the factors affecting the online shopping intention of students at Ho Chi Minh University of Banking when shopping on TikTok Shop. - Assessing the influence of factors affecting the online shopping intention of students at Ho Chi Minh University of Banking when shopping on TikTok Shop. - Providing governance implications for TikTok to improve and innovate the shopping feature. Research question Based on the research objectives and the necessity of research identified above, the thesis answers the following research questions: - What are the factors affecting online shopping intention in TikTok Shop of students at Ho Chi Minh University of Banking? 4 - How does the influence of the factors affect the online shopping intention of students at Ho Chi Minh University of Banking when shopping on TikTok Shop? - Which suggestions for TikTok is improving and innovating shopping feature? 1.
Research subject and scope 1. Research subject Object of study: Factors affecting online shopping intention in TikTok Shop of students at Ho Chi Minh University of Banking. Research scope Research scope: Students at Ho Chi Minh University of Banking Research time: The research is going to be carried out from September to November, 2022 1. Research Methodology Research is designed to study calculations by reference to scientific research before to select the element of positive impact on the students (online buyer) at Ho Chi Minh University of Banking.
Then the recipient of the consumer survey and are conducting online shopping to collect information. The data will be analyzed to describe the sample and eliminate inconsistently observed variables in a factor by Cronbach's Alpha. Furthermore, EFA is used in this study to investigate factors and assess the internal reliability of a scale. The goal of multivariate regression is to investigate the factors that influence the change of independent variables.
Academic Significance In this thesis, both the theoretical basis and previous studies have been systematized on the factors affecting consumer confidence when shopping online.