Enhancing personal financial literacy by improving financial attitudes and financial behavior of Vietnamese students

Abstract

In addition to financial knowledge, financial attitudes and financial behaviors are two components
creating financial knowledge for people- which is one of the important factors contributing to the satisfaction
about financial decisions throughout life. To assess the situation, the study conducted online questionnaire
survey with 4,140 students randomly selected from universities across the country in 2021. The questionnair
comprised of 2 groups of questions on financial attitudes and 3 groups of questions on financial behavior
of Vietnamese students. The results from descriptive statistics show that Vietnamese students have quite
good financial attitudes and behaviors, adapting to the requirements of modern life. However, the poor
financial knowledge of Vietnamese students has significantly affected their financial attitudes and behaviors.
Therefore, it is neccesary to develop a financial education program in Vietnm in order to improve spending
control, savings, debt and personal financial planning for students.