Abstract
As an emerging market with rapid economic growth, while being a key region of the K-culture expansion, Vietnam draws increasing scientific attention. This study focuses on the MZ generation, Vietnam's leading consumer group, revealing their consumption value structure. An online survey was used for data collection purposes, investigating 368 Vietnamese consumers between 18-37 years of age. Six value dimensions were derived as results of the present analysis: functional, emotional, social, ethical, self-expression, and autonomy-oriented value. Among them, functional value includes two sub-dimensions of utility and price, while emotional value entails three sub-dimensions, namely hedonism, novelty, and aesthetics. ‘Self-expression value’ and ‘autonomyoriented value’, reflecting the characteristics of the MZ generation, who actively express themselves and respect proactive decision-making, are becoming important standards of the consumption attitude of young Vietnamese. Moreover, the pursuit of ‘novelty’ was derived as a factor reflecting emotional values, revealing an association between hedonic consumption, and seeking for newness and difference. Furthermore, the relationships between each consumption value dimension, respective demographic characteristics, and global consumption propensity were investigated.
Translated title of the contribution | A Study on the Multidimensional Consumption Value of Vietnamese MZ Generation -Focusing on the Relationship between Consumption Value Factors, Demographic Characteristics, and Global Consumption Propensity- |
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Original language | Korean |
Pages (from-to) | 848-867 |
Number of pages | 20 |
Journal | Journal of the Korean Society of Clothing and Textiles |
Volume | 46 |
Issue number | 5 |
DOIs | |
Publication status | Published - 2022 |
Keywords
- Consumption value
- Cultural characteristics
- Global consumption
- Mz generation
- Vietnamese consumer
ASJC Scopus subject areas
- Human Factors and Ergonomics
- Materials Science (miscellaneous)
- Arts and Humanities (miscellaneous)
- Social Sciences (miscellaneous)
- Polymers and Plastics
- Industrial and Manufacturing Engineering