Financial education for students is not just about making money.

The leaders of the Vietnam Institute of Educational Sciences believe that financial education is not simply about making money or saving. In our country, many people are still unfamiliar with basic financial concepts, so financial education right from high school is urgent.

On December 10, the Vietnam Institute of Educational Sciences in collaboration with the United Nations Children's Fund (UNICEF) organized a workshop on "Orientation of financial education for Vietnamese high school students".

The workshop aims to raise awareness of the important role of financial education in the general education curriculum, and to develop strategic directions for integrating this content into the current education curriculum to develop financial capacity for students from an early age.

Financial education orientation workshop for high school students

Professor Le Anh Vinh, Director of the Vietnam Institute of Educational Sciences, emphasized that financial education is one of the important goals for the successful implementation of the National Financial Inclusion Strategy, approved by the Prime Minister in Decision No. 149/QD-TTg dated January 22, 2020.

According to Professor Le Anh Vinh, personal financial management is not simply about earning or saving money, but is a comprehensive combination of income, spending, savings, investment and risk management. At the same time, this also involves building personal habits and behaviors, combined with knowledge about financial products and services.

However, many Vietnamese people are still unfamiliar with basic financial concepts, so financial education right from school is a strategic and urgent step. The financial education materials for Vietnamese students will be piloted in a number of provinces representing 6 socio-economic regions.

Professor Le Anh Vinh hopes that international experts and scientists will share experiences and contribute ideas to effectively integrate financial education content into the 2018 general education program.

Help students understand investment and risk management

According to Ms. Le Anh Lan, QUNICEF education expert in Vietnam, financial education does not stop at providing basic knowledge, but needs to aim at in-depth understanding of personal financial management skills such as spending, saving, investing and risk management.

To do this, teachers need to be equipped with specialized knowledge of financial education, and at the same time understand students' psychology as well as the barriers they may encounter when approaching financial concepts.

Ms. Le Lan Anh, UNICEF education expert in Vietnam

Associate Professor Pham Quoc Khanh, Deputy Director of the Department of Quality Management (Ministry of Education and Training), said that to achieve effectiveness, schools need to integrate financial education content into the curriculum through subjects and extracurricular activities. At the same time, teachers need to be equipped with professional skills to convey knowledge in an easy-to-understand and close-to-student manner.

In the 2018 General Education Program, for the first time, financial education is included in 6 subjects and educational activities, including: math, literature, civic education, nature and society, technology, and experiential activities.

For example, at the primary level, grade 2 students can recognize Vietnamese currency through images of some banknotes; grade 3 students can recognize the denominations of Vietnamese currency (within 100,000 VND), recognize 200,000 VND and 500,000 VND bills; grade 4 students can convert and calculate the Vietnamese currency they have learned; grade 5 students practice buying and selling with the currency they have learned...

Source: https://thanhnien.vn/giao-duc-tai-chinh-cho-hoc-sinh-khong-don-thuan-la-kiem-tien-185241210174631448.htm