Financial planning for the approaching retirement: The case of Vietnam


Authors

  • Tran Tuan Anh Trường Đại học Kinh tế Quốc dân
  • Khuc The Anh National Economics University

Keywords:

Financial literacy, financial planning, financial knowledge, financial behavior, retirement

Abstract

This study evaluates the impact of financial literacy (comprising financial knowledge and financial behavior) along with demographic factors on the financial planning of individuals approaching retirement. In-depth interviews were used to assess theoretical influencing factors, as well as to calibrate the questionnaire and scales. A total of 1,012 valid responses were obtained (conducted through a market research company), and were processed using SPSS 26 and AMOS 25 software.. Both “financial knowledge” and “financial behavior” showed positive correlations. Except for gender, demographic factors including age, occupation, and education level all influenced the financial planning of approaching retirement. Relying on the findings, we proposed several policy implications through programs and recommended policies to relevant agencies.

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25-10-2024

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Tran Tuan Anh, & Khuc The Anh. (2024). Financial planning for the approaching retirement: The case of Vietnam. VNU JOURNAL OF ECONOMICS AND BUSINESS, 4(5), 12. Retrieved from https://jebvn.ueb.edu.vn/index.php/jeb/article/view/315

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Vol. 4 No. 5

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Original Article

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