**5. The decision to entrepreneurial of young entrepreneurs: an empirical study of the millennial generation in Vietnam**

#### **5.1 Introduction**

Entrepreneurship has long been associated with human production and business activities. The study of entrepreneurship has been intensifying since the early nineteenth century and has exploded in recent times. According to Kogut and Sigh [20], entrepreneurship has contributed greatly to the economic prosperity of many countries. Countries with a strong entrepreneurial spirit do well with jobs and strong economic growth. Vietnam is an economic transition country; the Vietnamese government has introduced several policies to promote start-ups. However, like in some other countries

in Asia, the number of startups is still small. Academically, there have been some studies on entrepreneurship so far, but empirical research on millennials is limited, especially in the digital transformation era. This study attempts to fill the gap in factors influencing the entrepreneurial decisions of generation Y in the Vietnam context.

### **5.2 Literature review and hypothesis identification**

Determining factors affecting entrepreneurial decisions is done through the studying documents and the research results are explained below.
