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Students’ Perceptions of Cryptocurrency: A Case Study from Ho Chi Minh City, Vietnam

In: Proceedings of the 11th International Conference on Emerging Challenges: Smart Business and Digital Economy 2023 (ICECH 2023)

Author

Listed:
  • Thi My Dung Dang

    (University of Bolton, United Kingdom & Foreign Trade University)

  • Nhu Quynh Dang

    (Foreign Trade University, Faculty of Business Administration & Accounting and Finance)

  • Uyen Thy Truong Pham

    (Foreign Trade University, Faculty of Business Administration & Accounting and Finance)

  • Ha Phuong Thi Phan

    (Foreign Trade University, Faculty of Business Administration & Accounting and Finance)

  • Minh Quan Nhu Vo

    (Foreign Trade University, Faculty of Business Administration & Accounting and Finance)

Abstract

The world’s financial market has recently suffered from many fluctuations due to currency changes and the crisis, especially after the bank collapsed in the United States, cryptocurrencies have become one of the leading choices made by many investors in the world. It is undoubted that the development of cryptocurrency is an inevitable trend in society’s future. In that context, updating knowledge about the general development trend of the financial market as well as about the cryptocurrency system is indispensable for everyone, especially young people - the generation that holds the global economy’s future. Therefore, it is urgent to present and educate the cryptocurrency framework to college students. If there is no action taken, economics instructors will run the risk their students are left back in this flourishing and endlessly changeable economy. To start the educational story about cryptocurrency, it is crucial to define the measurements of students’ awareness about the medium ahead of teaching-related materials. The data of the study are collected from 355 survey samples conducted by students in Ho Chi Minh City. The survey consists of 15 questions using various scales, designed by the researchers and using MS Excel 2016 for quantitative analysis, including using percentages, frequencies. The results show that the students’ awareness is still low despite the significance of knowing about cryptocurrency. But they are also gradually realizing the necessity of things and are willing to improve their own knowledge of this aspect.

Suggested Citation

  • Thi My Dung Dang & Nhu Quynh Dang & Uyen Thy Truong Pham & Ha Phuong Thi Phan & Minh Quan Nhu Vo, 2023. "Students’ Perceptions of Cryptocurrency: A Case Study from Ho Chi Minh City, Vietnam," Advances in Economics, Business and Management Research, in: Nguyen Danh Nguyen & Pham Thi Thanh Hong (ed.), Proceedings of the 11th International Conference on Emerging Challenges: Smart Business and Digital Economy 2023 (ICECH 2023), pages 224-239, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-348-1_19
    DOI: 10.2991/978-94-6463-348-1_19
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