“Financial Literacy” Contest at Banking University of Ho Chi Minh City

Financialeducation communication (FIE) for people is a trend of central banks around the world to increase information transparency, financial literacy, and legal transparency for people.

In the world , financial education for people, especially young people, is focused on from an early age. In Vietnam, 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 particular, enhancing financial literacy for people is one of the important goals, aiming to change awareness, behavior and create good financial habits for the community. With such a goal, in recent times, the State Bank has paid great attention and implemented many financial education communication programs (such as Smart Money, Smart Money, Understanding Money Contest, Future Banker...).

“Financial literacy” is a meaningful and practical financial education communication program for students.

Implementing the National Financial Inclusion Strategy and projects of the Government and the Prime Minister on promoting non-cash payments, improving access to credit for the economy , and promoting public service payments through banks, on January 12, 2024, the State Bank of Vietnam Communications Department coordinated with Ho Chi Minh City Banking University to organize the "Financial Literacy" contest.

This is a meaningful and practical financial education communication program for students. Through sharing from experts of the State Bank of Vietnam and real-life games, the "Financial Literacy" contest has provided useful and interesting knowledge about Vietnamese currency as well as the benefits of cashless payments to students in a vivid, simple, easy-to-understand and widely spread way.

Thereby, helping students form good financial habits such as reasonable spending, saving, investing; at the same time, having an understanding of money and the history of Vietnamese currency, how to behave with money, knowing how to appreciate the value of labor, feeling the messages about love of labor, humanity, and kindness. From there, helping students early access to knowledge and have the necessary skills when using financial and banking products and services.

The representative of the leaders of the Banking University of Ho Chi Minh City said that this is the first time that students of the Banking University of Ho Chi Minh City have been introduced and guided to better understand the birth of currency, how to distinguish between types of cards as well as familiarize themselves with personal financial management, especially for students in the context of rampant black credit.

In particular, the program donated 200 copies of the book “Be Smart with Money – Avoid Worry” to the school. This is a book by author Le Thi Thuy Sen – Director of the Communications Department of the State Bank of Vietnam, who has 20 years of experience working in the fields of finance, communications, and deposit insurance.

The book is considered a very good learning material for financial education for the community today. Concepts that seem complicated and difficult to understand are defined and explained in an easy-to-understand and logical way, integrated into the content of 30 stories in the book. The book also helps students practice reading culture, improve skills, personality and develop comprehensively.

Teachers and students of Banking University of Ho Chi Minh City also highly appreciated the comic book “Be smart with money – Avoid worries” by author Le Thi Thuy Sen – Head of the Communications Department of the State Bank of Vietnam. The book uses vivid illustrations, folk songs and proverbs, making financial knowledge not so distant, very close and making students love reading more.

According to a student in the school, “I feel this program is very exciting and has many useful things. Through the program, I learned about the benefits of money, how to spend money, save money...”

In the coming time, the Department of Communications will continue to deploy financial education programs, spread more strongly, implement the National Financial Inclusion Strategy, target young people... to spread knowledge and smart financial skills, thereby minimizing risks for consumers using financial services, as well as contributing to protecting financial service consumers in Vietnam.

Source: https://www.congluan.vn/hon-1600-sinh-vien-tham-gia-cuoc-thi-hieu-biet-ve-tai-chinh-tai-truong-dai-hoc-ngan-hang-tp-hcm-post280724.html