International Journal of Social Science & Economic Research
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Title:
FACTORS AFFECTING THE ENTREPRENEURIAL READINESS OF GENERATION Z IN HANOI CITY

Authors:
Dr. Nguyen Thi Van Anh and Tran Dan Khanh

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Dr. Nguyen Thi Van Anh1 and Tran Dan Khanh2
1.University of Labour and Social Affairs
2. Kim Lien High School

MLA 8
Anh, Dr. Nguyen Thi Van, and Tran Dan Khanh. "FACTORS AFFECTING THE ENTREPRENEURIAL READINESS OF GENERATION Z IN HANOI CITY." Int. j. of Social Science and Economic Research, vol. 8, no. 7, July 2023, pp. 1636-1660, doi.org/10.46609/IJSSER.2023.v08i07.001. Accessed July 2023.
APA 6
Anh, D., & Khanh, T. (2023, July). FACTORS AFFECTING THE ENTREPRENEURIAL READINESS OF GENERATION Z IN HANOI CITY. Int. j. of Social Science and Economic Research, 8(7), 1636-1660. Retrieved from https://doi.org/10.46609/IJSSER.2023.v08i07.001
Chicago
Anh, Dr. Nguyen Thi Van, and Tran Dan Khanh. "FACTORS AFFECTING THE ENTREPRENEURIAL READINESS OF GENERATION Z IN HANOI CITY." Int. j. of Social Science and Economic Research 8, no. 7 (July 2023), 1636-1660. Accessed July, 2023. https://doi.org/10.46609/IJSSER.2023.v08i07.001.

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ABSTRACT:
To prepare young people for becoming entrepreneurs in the future, many researches have been conducted. Encouraging entrepreneurship, especially start-up activities for young people, is regarded as a kernel of economic growth and employment creation. In this study, Structural Equation Modeling is used to examine factors affecting the "Entrepreneurial readiness of Gen Z in Hanoi City" by analyzing the survey data of 299 young people of Gen Z in Hanoi City and putting in quantitative analysis 295/299 collected questionnaires about effects of factors. 6 factors “Attitude toward entrepreneurship”, “Subjective norms”, “Perceived behavioral control”, “Attitude toward money”, “Entrepreneurship education”, and “Aspiration to succeed” are put in the model examining impacts on the factor “Entrepreneurial readiness of Gen Z in Hanoi City”. The findings indicate that “Entrepreneurship education” has the most significant effect, followed by “Attitude toward entrepreneurship” and “Perceived Behavioral Control.” At the significance level of 5%, these factors have a positive correlation effect, with an impact of 0.515, 0.178, and 0.176, respectively. The other 3 factors "Subjective norms", "Attitude toward money", and "Aspiration to success" don't have enough statistical significance to conclude. This study attempts to determine the impact of factors and raise awareness of young people, Gen Z in Hanoi City in particular and in Vietnam in general to be more precise, about entrepreneurship and entrepreneurial readiness. From that, exchanges and discussions to enhance the sense of responsibility and spirit of young people as the kernel of the nation's future are drawn.

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