Determinants Influencing Entrepreneurial Intention in Hanoi, Vietnam

Dinh Hoa Nguyen ,Manh Dung Tran ,My Loan Phung Le ,Ngoc Lieu Le ,Hoang-An Nguyen ,Khanh Vi Mac ,Duc V Dinh

doi:10.7176/ejbm/12-15-10

Abstract

This research employed survey data from 204 students between two groups of economics and technical majors in Hanoi city for assessing the impact levels of determinants on entrepreneurial intention. The results show that a number of determinants including Need for achievement, Self-efficacy, and Instrumental readiness have positive impacts on student’s entrepreneurial intention. Besides, this study is also to create a basis for comparative students among different economics and technical majors, work exoperience, and gender. These findings are the basis to recommend policies and solutions to promote entrepreneurship movement in Vietnam. Keywords: Entrepreneurial intention, need for achievement, self-efficacy, instrumental readiness. DOI: 10.7176/EJBM/12-15-10 Publication date: May 31 st 2020

Highlights

Vietnam in general and Hanoi capital in particular have witnessed the emergence of a new "flow" of remarkable entrepreneurship
The study consider whether there is a difference between male and female students, between the technical students and the economics students, between the students who have worked and students who have not worked in assessing the impact of factors on student's intention to start a business in Hanoi
The result of Exploratory Factor Analysis (EFA) and Cronbach’s Alpha in Table 2 illustrates that Composite Reliability (CR) from the scale is all greater than 0.6, Cumulative of Variance is greater than 50%, and both of 2 statistics meet the requirements

Summary

Introduction

Vietnam in general and Hanoi capital in particular have witnessed the emergence of a new "flow" of remarkable entrepreneurship. The start-up and entrepreneur market in Vietnam is still on the top 3 of thriving start-up and entrepreneur markets in Southeast Asia, along with Thailand and Indonesia. This proves that the Vietnam start-up movement has extraordinary vitality and potential development. Vietnam is witnessing the rise of a strong generation of young businessmen. They are confident, drastic and dare to create jobs for themselves and for many others. There is a high proportion of young students and entrepreneurs looking for luck in starting a business

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Conclusion