2017 Vietnam Global Money Week

Leading Organizations:
Vietnam Microfinance Working Group
Participating Organizations:
State Bank of Vietnam
Ministry of Education and Training

The Vietnam Microfinance Working Group (VMFWG) worked together with it member MFIs, and collaborated with the State Bank of Vietnam (SBV) and the Ministry of Education and Training (MOET) to celebrate Global Money Week 2017 in Vietnam.

Through the leadership of the VMFWG, Global Money Week was celebrated in 4 schools in Hanoi. School visits with MFIs accompanied by representatives from the SBV were accomplished. During these visits, the MFIs presented and communicated to children the importance of saving and good money management. Children have shown great interest in the activities and lectures, especially when asked about how they plan to save for something that they dream of achieving. The main goal was to introduce the concept of saving while being able to give children an understanding of banking and finance, especially the use of savings accounts.

In addition to the financial education classes, booths have been set-up in the 4 school campuses where the classes from Grade III and Grade IV were coordinated to visit the booths across the day to meet representatives from SBV. The representatives from the SBV presented the role of financial institutions and the central bank for the young people. When the children were asked about their experience after visiting the booths, they shared that they have more curiosity and more understanding of why they want to save in banks and how money was made. More importantly, they said that they would want to open bank accounts and would share this experience with their parents.


2016 Vietnam Money Week

Leading Organization:
National Vietnam Microfinance Working Group (VMFWG)
Participanting Organizations:
State Bank of Vietnam
Date of the event:
15th of March
Total number of children & youth engaged: 200

For the second time, Global Money Week was celebrated in Vietnam under the leadership of the National Vietnam Microfinance Working Group (VMFWG) – and this year, State Bank of Vietnam has also shown support in raising awareness to strengthen the financial literacy for young people.

The National Vietnam Microfinance Working Group arranged financial education sessions with children in Hanoi. Using materials co-developed with Aflatoun, the financial education sessions also gave the children the opportunity to share their thoughts and motivations for saving. Most of the sessions established that children’s primary motivation for saving is to support their family and themselves, in order to be able to finish their studies..

Representatives from State Bank of Vietnam were also present during the sessions, to present the role of the central bank in ensuring that all Vietnamese people can live in a financially stable country. Moreover, the representatives from the State Bank of Vietnam participated in some interactive activities and games with the children.


2015 Vietnam Money Week

Participants:
National Vietnam Microfinance Working Group (VMFWG)
State Bank of Vietnam
Date of the event:
11th of March
Number of children reached:
70

Global Money Week was celebrated for the first time in Vietnam thanks to the initiative of the National Vietnam Microfinance Working Group (VMFWG) and the support of the State Bank of Vietnam. Starting small this year, the National Vietnam Microfinance Working Group highlighted that the most important area to highlight for young Vietnamese is to develop interest to learn more about financial literacy, improve their attitude towards finances, and encourage them to potentially become an entrepreneur.

With this as the objective, the Vietname Microfinance Working Group launched a program to inspire young people by showcasing success stories of local and international Vietnamese entrepreneurs that they would be able relate to. The interactive session were organized for youth with young and old entrepreneurs from across the country who started saving from a young age.