Financial Education for High School Students

(NLDO)- Personal finance is not simply about earning a lot of money or saving a lot of money, but is the sum of all issues such as: income, spending, saving, investing, risk management...

The Prime Minister approved the National Financial Inclusion Strategy to 2025, with a vision to 2030 in Decision No. 149/QD-TTg dated January 22, 2020. In the financial inclusion strategy, Financial Education is an important goal for the successful implementation of the National Financial Inclusion Strategy.

Around the world , personal finance education is carried out in many countries for people from a young age (such as in Israel, Japan, the Netherlands, and other developed countries).

In Vietnam, this is still quite new and people are still unfamiliar with the basic concepts of finance and financial management: Income, spending, savings. Training financial knowledge right from school is an urgent and strategic step.

Financial education for high school students was held on the morning of January 23 at Banking University of Ho Chi Minh City.

In 2019, the State Bank of Vietnam signed a Memorandum of Understanding with the German Savings Banks International Cooperation Fund (SBFIC) to support the implementation of Vietnam's financial inclusion goals. Implementing the Memorandum of Understanding between the State Bank of Vietnam and SBFIC, on the morning of January 23, Ho Chi Minh City Banking University organized a Personal Finance Education Program for high school students in Ho Chi Minh City.

Master Nguyen Anh Vu, Head of Communications and Brand Development Department of Banking University of Ho Chi Minh City, said that personal finance is not simply about earning a lot of money or saving a lot of money, but is the sum of all issues such as: income, spending, saving, investing, risk management; is a combination of personal behavior and habits with knowledge about financial products and services, financial decisions.

Master Nguyen Anh Vu said that the Financial Education program for high school students is not only purely theoretical training but is implemented through the form of games. Students will be divided into groups, each group playing the role of a family. Members will discuss and make decisions about work, income, shopping, spending, saving, borrowing, investing, using financial products and dealing with unexpected situations... to achieve the ultimate goal of maximum quality of life score at the end of the game. Through the game, students will be conveyed knowledge in a humorous, gentle, general way about finance, spending, investing, helping them understand the meaning of a household budget and decisions about income and expenditure. At the same time, they will have lessons according to their own feelings about personal finance and can better understand the difficulties of their parents in family financial matters. To ensure quality, each class is organized with a maximum of 30-35 students.

In this first phase, students from Nguyen Huu Huan High School, Thu Duc High School, Binh Hung Hoa High School, and Gia Dinh High School participated in the program. After that, the program will continue to be expanded to students from high schools in Ho Chi Minh City and neighboring provinces.

Source: https://nld.com.vn/giao-duc-khoa-hoc/giao-duc-tai-chinh-danh-cho-hoc-sinh-thpt-20210123114205104.htm