Continuing with the analysis of the remaining 18 variables, KMO = 0.816 with the significance level Sig = 0.000 and extracting 5 factors with the gross variance extracted = 61.28 %. To improve the exploratory capacity of these factors, the study chose Varimax rotation which serves to minimize the number of variables with high coefficient in the same factor. The result is demonstrated in the table as follows:
As can be seen, 5 factors with the gross variance extracted equal to 61,28%, which means these 5 factors can explain for 61% of the application of accounting legislation in Vietnamese SMEs, the remaining 39% depends on other factors that are oversaw in this study.