Determinations of adult financial literacy: A quantitative study and policy implications in Vietnam
The purpose of this study is to investigate the factors influencing the financial literacy of adults in Vietnam. The Binary Logistic regressions were taken for dependent variables and independent variables derived from 692 respondents from 63 provinces in Vietnam; The regressions results show that “major in finance” and financial socialization agents have significantly positive impact on adult financial literacy. Moreover, the regressions also show that highly risk-taking has significantly associated with low financial literacy scores. Some implications for financial education through public media channels and school programs in Vietnam also discusse.