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How to cite this paper
APA: Hung, D & Khoi, T. (2025). The impact of digital financial literacy on the adoption of financial technology in rural areas of Vietnam. Decision Science Letters, 14(4), 877-886.
Chicago/Turabian: Hung, D & Khoi, T. 2025. "The impact of digital financial literacy on the adoption of financial technology in rural areas of Vietnam." Decision Science Letters 14, no. 4 (2025): 877-886.
AMA: Hung, D & Khoi, T. The impact of digital financial literacy on the adoption of financial technology in rural areas of Vietnam. Decision Science Letters. 2025;14(4):877-886.
References
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Al Mamary, Y. H. S., & Alraja, M. M. (2022). Understanding entrepreneurship intention and behavior in the light of TPB model from the digital entrepreneurship perspective. International Journal of Information Management Data Insights, 2(2), 1–8.
Alam, N., Gupta, L., & Zameni, A. (2019). Fintech and Islamic Finance: Digitalization, Development and Disruption. Cham, Switzerland: Springer Nature.
Appiah Otoo, I., & Song, N. (2021). The impact of fintech on poverty reduction: Evidence from China. Sustainability, 13(9), 1–13. https://doi.org/10.3390/su13095225
Appiah Otoo, I., & Song, N. (2022). The impact of fintech on economic growth: Evidence from China. Sustainability, 14(10), 1–17. https://doi.org/10.3390/su14106211
Azra Zaimovic, M. N. M., Dedovic, L., Arnaut Berilo, A., Zaimovic, T., & Torlakovic, A. (2024). Measuring digital financial literacy. Procedia Computer Science, 236, 574–581.
Bajunaied, K., Hussin, N., & Kamarudin, S. (2023). Behavioral Intention to Adopt FinTech Services: An Extension of Unified Theory of Acceptance and Use of Technology. Journal of Open Innovation: Technology, Market, and Complexity, 9(1), 100010.
Chaniotakis, I. E., Lymperopoulos, C., & Soureli, M. (2010). Consumers' Intentions of Buying Own‐Label Premium Food Products. Journal of Product & Brand Management, 19(5), 327–334.
de Matos, C. A., Henrique, J. L., & Rossi, C. A. V. (2007). Service Recovery Paradox: A Meta-Analysis. Journal of Service Research, 10(1), 60–77.
Fishbein, M., & Ajzen, I. (1975). Belief, attitude, intention and behavior: An introduction to theory and research. Addison Wesley.
Gieure, C., del Mar Benavides-Espinosa, M., & Roig-Dobón, S. (2020). The entrepreneurial process: The link between intentions and behavior. Journal of Business Research, 112, 541–548. https://doi.org/10.1016/j.jbusres.2019.11.088
Giner-Sorolla, R. (1999). Affect in Attitude: Immediate and Deliberative Perspectives. In S. Chaiken & Y. Trope (Eds.), Dual-Process Theories in Social Psychology (pp. 441–461). New York: The Guilford Press.
Hair, J., Black, W., Babin, B. J., & Anderson, R. E. (2014). Multivariate data analysis (7th ed.). Pearson.
Hogarth, J. M. (2002). Financial Literacy and Family and Consumer Sciences. Journal of Family and Consumer Sciences: From Research to Practice, 94(1), 14–28.
Dao, H. M., Nguyen, T. T., Dang, H. T., & Nguyen, T. T. L. (2018). Factors affecting individual customers’ decision to use fintech services in payment activities in Vietnam. Journal of Banking Research and Training, 194.
Huyen, T. T. T. (2021). Factors affecting the consumer use of FinTech services in Vietnam. Industrial & Trade Review, 17.
Bajunaied, K., Hussin, N., & Kamarudin, S. (2023). Behavioral intention to adopt FinTech services: An extension of unified theory of acceptance and use of technology. Journal of Open Innovation: Technology, Market, and Complexity, 9(1), Article 100010. https://doi.org/10.1016/j.joitmc.2023.100010
Khuc, T. A., Nguyen, D. D., Phuong, K. Q. C., & Le, D. L. (2020). Factors influencing the relationship between intention and behavior of using Fintech: Empirical evidence in Vietnam. Journal of Economics – Law and Banking.
Krueger, N. F., & Carsrud, A. L. (1993). Entrepreneurial intentions: Applying the theory of planned behavior. Entrepreneurship & Regional Development, 5(4), 315–330.
Kumar, P., Pillai, R., Kumar, N., & Tabash, M. I. (2023). The interplay of skills, digital financial literacy, capability, and autonomy in financial decision making and well being. Borsa Istanbul Review, 23(1), 169–183. https://doi.org/10.1016/j.bir.2022.09.012
Lindenberg, S., & Steg, L. (2007). Normative, gain and hedonic goal frames guiding environmental behavior. Journal of Social Issues, 63(1), 117–137.
Linán, F., & Chen, Y. W. (2009). Development and cross cultural application of a specific instrument to measure entrepreneurial intentions. Entrepreneurship Theory and Practice, 33(3), 593–617. https://doi.org/10.1111/j.1540-6520.2009.00318.x
Mahdzan, N. S., & Tabiani, S. (2013). The Impact of Financial Literacy on Individual Saving: An Exploratory Study in the Malaysian Context. Transformations in Business & Economics, 12(1), 41–55.
Morgan, R. (2003). ANZ Survey of Adult Financial Literacy in Australia-Final Report. ANZ Banking Group, Melbourne.
Morgan, P. J., & Trinh, L. Q. (2019). Determinants and impacts of financial literacy in Cambodia and Vietnam. Journal of Risk and Financial Management, 12(1), 1–24.
Nathan, R. J., Setiawan, B., & Quynh, M. N. (2022). Fintech and financial health in Vietnam during the COVID 19 pandemic: In depth descriptive analysis. Journal of Risk and Financial Management, 15(3), 1–19. https://doi.org/10.3390/jrfm15030125
Pant, S. K., & Agarwal, M. (2023). Impact of digital financial literacy on financial technology adoption. Bharatiya Shikska Shodh Patrika, 42(2)(i). Available at SSRN: https://ssrn.com/abstract=4838234
Phan Lan, T. T., & Hue, P. T. (2023). The influence of risk and benefit perceptions on young people’s use of Fintech services in Hanoi. Banking Review. Retrieved from https://tapchinganhang.gov.vn/anh-huong-cua-nhan-thuc-ve-rui-ro-va-loi-ich-toi-viec-su-dung-cac-dich-vu-fintech-cua-gioi-tre-tren-dia-ban-thanh-pho-ha-noi-12303.html?utm_source=chatgpt.com
Phung, T. M. T. (2023). Vietnam fintech industry and government support: A role of fintech entrepreneurial intention. Public Organization Review, 1–25.
Prasad, H., Meghwal, D., & Dayama, V. (2018). Digital financial literacy: A study of households of Udaipur. Journal of Business and Management, 5, 23–32.
Qin, X., Wu, H., & Li, R. (2022). Digital finance and household carbon emissions in China. China Economic Review, 76, 1–15. https://doi.org/10.1016/j.chieco.2022.101872
Remund, D. L. (2010). Financial Literacy Explicated: The Case for a Clearer Definition in an Increasingly Complex Economy. Journal of Consumer Affairs, 44(2), 276–295.
Schagen, S., & Lines, A. (1996). Financial Literacy in Adult Life: A Report to the NatWest Group Charitable Trust. Slough, Berkshire: National Foundation for Educational Research (NFER).
Setiawan, M., Effendi, N., Santoso, T., Dewi, V. I., & Sapulette, M. S. (2022). Digital financial literacy, current behavior of saving and spending and its future foresight. Economics of Innovation and New Technology, 31(4), 320–338. https://doi.org/10.1080/10438599.2020.1799142
Shahryar, S., & Tan, S. T. (2014). Spending behaviour of a case of Asian university students. Asian Social Science, 10(2), 64-69.
Taylor, S., & Todd, P. A. (1995). Understanding Information Technology Usage: A Test of Competing Models. Information Systems Research, 6(2), 144–176.
To, M. T. (2022). Improving digital financial literacy to promote financial inclusion in the digital age. Financial & Monetary Market Review. Retrieved from https://thitruongtaichinhtiente.vn/nang-cao-hieu-biet-tai-chinh-so-gop-phan-thuc-day-tai-chinh-toan-dien-trong-thoi-dai-cong-nghe-so-40240.html
Tran T. T. H. (2021). Factors affecting the consumer use of Fintech services in Vietnam. Industrial & Trade Review, 17.
Trịnh, T. P. L., & Phạm, T. H. (2023). Ảnh hưởng của nhận thức về rủi ro và lợi ích tới việc sử dụng các dịch vụ Fintech của giới trẻ trên địa bàn Thành phố Hà Nội.
Venkatesh, V., Speier Pero, C., & Schuetz, S. (2022). Why do people shop online? A comprehensive framework of consumers’ online shopping intentions and behaviors. Information Technology & People, 35(5), 1590–1620. https://doi.org/10.1108/ITP-12-2020-0867
Wu, J., & Wu, L. (2023). Impacts of digital inclusive finance on household entrepreneurship. Finance Research Letters, 56, 1–9.
Yang, T., & Zhang, X. (2022). FinTech adoption and financial inclusion: Evidence from household consumption in China. Journal of Banking & Finance, 145, 1–22.
Yoshino, N., Morgan, P. J., & Long, T. Q. (2020). Financial literacy and fintech adoption in Japan. ADBI Working Paper No. 1095. Asian Development Bank Institute.
Zaimovic, A., Omanovic, A., Meskovic, M. N., Arnaut-Berilo, A., Zaimovic, T., Dedovic, L., & Torlakovic, A. (2024). The Nexus Between Digital Financial Knowledge and Financial Inclusion: Digital Financial Attitudes and Behaviour as Mediators Enhancing Financial Inclusion. International Journal of Bank Marketing, 43(2).
Al Mamary, Y. H. S., & Alraja, M. M. (2022). Understanding entrepreneurship intention and behavior in the light of TPB model from the digital entrepreneurship perspective. International Journal of Information Management Data Insights, 2(2), 1–8.
Alam, N., Gupta, L., & Zameni, A. (2019). Fintech and Islamic Finance: Digitalization, Development and Disruption. Cham, Switzerland: Springer Nature.
Appiah Otoo, I., & Song, N. (2021). The impact of fintech on poverty reduction: Evidence from China. Sustainability, 13(9), 1–13. https://doi.org/10.3390/su13095225
Appiah Otoo, I., & Song, N. (2022). The impact of fintech on economic growth: Evidence from China. Sustainability, 14(10), 1–17. https://doi.org/10.3390/su14106211
Azra Zaimovic, M. N. M., Dedovic, L., Arnaut Berilo, A., Zaimovic, T., & Torlakovic, A. (2024). Measuring digital financial literacy. Procedia Computer Science, 236, 574–581.
Bajunaied, K., Hussin, N., & Kamarudin, S. (2023). Behavioral Intention to Adopt FinTech Services: An Extension of Unified Theory of Acceptance and Use of Technology. Journal of Open Innovation: Technology, Market, and Complexity, 9(1), 100010.
Chaniotakis, I. E., Lymperopoulos, C., & Soureli, M. (2010). Consumers' Intentions of Buying Own‐Label Premium Food Products. Journal of Product & Brand Management, 19(5), 327–334.
de Matos, C. A., Henrique, J. L., & Rossi, C. A. V. (2007). Service Recovery Paradox: A Meta-Analysis. Journal of Service Research, 10(1), 60–77.
Fishbein, M., & Ajzen, I. (1975). Belief, attitude, intention and behavior: An introduction to theory and research. Addison Wesley.
Gieure, C., del Mar Benavides-Espinosa, M., & Roig-Dobón, S. (2020). The entrepreneurial process: The link between intentions and behavior. Journal of Business Research, 112, 541–548. https://doi.org/10.1016/j.jbusres.2019.11.088
Giner-Sorolla, R. (1999). Affect in Attitude: Immediate and Deliberative Perspectives. In S. Chaiken & Y. Trope (Eds.), Dual-Process Theories in Social Psychology (pp. 441–461). New York: The Guilford Press.
Hair, J., Black, W., Babin, B. J., & Anderson, R. E. (2014). Multivariate data analysis (7th ed.). Pearson.
Hogarth, J. M. (2002). Financial Literacy and Family and Consumer Sciences. Journal of Family and Consumer Sciences: From Research to Practice, 94(1), 14–28.
Dao, H. M., Nguyen, T. T., Dang, H. T., & Nguyen, T. T. L. (2018). Factors affecting individual customers’ decision to use fintech services in payment activities in Vietnam. Journal of Banking Research and Training, 194.
Huyen, T. T. T. (2021). Factors affecting the consumer use of FinTech services in Vietnam. Industrial & Trade Review, 17.
Bajunaied, K., Hussin, N., & Kamarudin, S. (2023). Behavioral intention to adopt FinTech services: An extension of unified theory of acceptance and use of technology. Journal of Open Innovation: Technology, Market, and Complexity, 9(1), Article 100010. https://doi.org/10.1016/j.joitmc.2023.100010
Khuc, T. A., Nguyen, D. D., Phuong, K. Q. C., & Le, D. L. (2020). Factors influencing the relationship between intention and behavior of using Fintech: Empirical evidence in Vietnam. Journal of Economics – Law and Banking.
Krueger, N. F., & Carsrud, A. L. (1993). Entrepreneurial intentions: Applying the theory of planned behavior. Entrepreneurship & Regional Development, 5(4), 315–330.
Kumar, P., Pillai, R., Kumar, N., & Tabash, M. I. (2023). The interplay of skills, digital financial literacy, capability, and autonomy in financial decision making and well being. Borsa Istanbul Review, 23(1), 169–183. https://doi.org/10.1016/j.bir.2022.09.012
Lindenberg, S., & Steg, L. (2007). Normative, gain and hedonic goal frames guiding environmental behavior. Journal of Social Issues, 63(1), 117–137.
Linán, F., & Chen, Y. W. (2009). Development and cross cultural application of a specific instrument to measure entrepreneurial intentions. Entrepreneurship Theory and Practice, 33(3), 593–617. https://doi.org/10.1111/j.1540-6520.2009.00318.x
Mahdzan, N. S., & Tabiani, S. (2013). The Impact of Financial Literacy on Individual Saving: An Exploratory Study in the Malaysian Context. Transformations in Business & Economics, 12(1), 41–55.
Morgan, R. (2003). ANZ Survey of Adult Financial Literacy in Australia-Final Report. ANZ Banking Group, Melbourne.
Morgan, P. J., & Trinh, L. Q. (2019). Determinants and impacts of financial literacy in Cambodia and Vietnam. Journal of Risk and Financial Management, 12(1), 1–24.
Nathan, R. J., Setiawan, B., & Quynh, M. N. (2022). Fintech and financial health in Vietnam during the COVID 19 pandemic: In depth descriptive analysis. Journal of Risk and Financial Management, 15(3), 1–19. https://doi.org/10.3390/jrfm15030125
Pant, S. K., & Agarwal, M. (2023). Impact of digital financial literacy on financial technology adoption. Bharatiya Shikska Shodh Patrika, 42(2)(i). Available at SSRN: https://ssrn.com/abstract=4838234
Phan Lan, T. T., & Hue, P. T. (2023). The influence of risk and benefit perceptions on young people’s use of Fintech services in Hanoi. Banking Review. Retrieved from https://tapchinganhang.gov.vn/anh-huong-cua-nhan-thuc-ve-rui-ro-va-loi-ich-toi-viec-su-dung-cac-dich-vu-fintech-cua-gioi-tre-tren-dia-ban-thanh-pho-ha-noi-12303.html?utm_source=chatgpt.com
Phung, T. M. T. (2023). Vietnam fintech industry and government support: A role of fintech entrepreneurial intention. Public Organization Review, 1–25.
Prasad, H., Meghwal, D., & Dayama, V. (2018). Digital financial literacy: A study of households of Udaipur. Journal of Business and Management, 5, 23–32.
Qin, X., Wu, H., & Li, R. (2022). Digital finance and household carbon emissions in China. China Economic Review, 76, 1–15. https://doi.org/10.1016/j.chieco.2022.101872
Remund, D. L. (2010). Financial Literacy Explicated: The Case for a Clearer Definition in an Increasingly Complex Economy. Journal of Consumer Affairs, 44(2), 276–295.
Schagen, S., & Lines, A. (1996). Financial Literacy in Adult Life: A Report to the NatWest Group Charitable Trust. Slough, Berkshire: National Foundation for Educational Research (NFER).
Setiawan, M., Effendi, N., Santoso, T., Dewi, V. I., & Sapulette, M. S. (2022). Digital financial literacy, current behavior of saving and spending and its future foresight. Economics of Innovation and New Technology, 31(4), 320–338. https://doi.org/10.1080/10438599.2020.1799142
Shahryar, S., & Tan, S. T. (2014). Spending behaviour of a case of Asian university students. Asian Social Science, 10(2), 64-69.
Taylor, S., & Todd, P. A. (1995). Understanding Information Technology Usage: A Test of Competing Models. Information Systems Research, 6(2), 144–176.
To, M. T. (2022). Improving digital financial literacy to promote financial inclusion in the digital age. Financial & Monetary Market Review. Retrieved from https://thitruongtaichinhtiente.vn/nang-cao-hieu-biet-tai-chinh-so-gop-phan-thuc-day-tai-chinh-toan-dien-trong-thoi-dai-cong-nghe-so-40240.html
Tran T. T. H. (2021). Factors affecting the consumer use of Fintech services in Vietnam. Industrial & Trade Review, 17.
Trịnh, T. P. L., & Phạm, T. H. (2023). Ảnh hưởng của nhận thức về rủi ro và lợi ích tới việc sử dụng các dịch vụ Fintech của giới trẻ trên địa bàn Thành phố Hà Nội.
Venkatesh, V., Speier Pero, C., & Schuetz, S. (2022). Why do people shop online? A comprehensive framework of consumers’ online shopping intentions and behaviors. Information Technology & People, 35(5), 1590–1620. https://doi.org/10.1108/ITP-12-2020-0867
Wu, J., & Wu, L. (2023). Impacts of digital inclusive finance on household entrepreneurship. Finance Research Letters, 56, 1–9.
Yang, T., & Zhang, X. (2022). FinTech adoption and financial inclusion: Evidence from household consumption in China. Journal of Banking & Finance, 145, 1–22.
Yoshino, N., Morgan, P. J., & Long, T. Q. (2020). Financial literacy and fintech adoption in Japan. ADBI Working Paper No. 1095. Asian Development Bank Institute.
Zaimovic, A., Omanovic, A., Meskovic, M. N., Arnaut-Berilo, A., Zaimovic, T., Dedovic, L., & Torlakovic, A. (2024). The Nexus Between Digital Financial Knowledge and Financial Inclusion: Digital Financial Attitudes and Behaviour as Mediators Enhancing Financial Inclusion. International Journal of Bank Marketing, 43(2).