Reality TV shows promote financial education

Reality TV shows “Nhung Dua Tre Thong Thai” (Smart Kids) organized by the State Bank of Vietnam and the Vietnam Television were broadcast on VTV 24 on September 23 to teach kids money-saving skills, financial personal planning and management.
 

Reality TV shows promote financial education

Financial education refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. Through the shows, kids will be taught more about what money really means and how to spend money wisely.
Additionally, the shows will provide kids with knowledge of and basic understanding of history of Vietnam’s money, value, picture on the paper money, wrong acts on money, handling worn-out paper money, bank system and service, saving and investing.
A bank representative said in nations such as the U.S , British, Israel, Singapore, Malaysia, the Philippines, and Thailand, kids are taught money management skills to have good habits in spending at early age; accordingly they will have right manners and take responsibility on their own finance, families and society. Once a person is taught how to use money at early age, they will have more opportunities to achieve success and live happily.
It is an urgent need to teach kids how to manage their money to benefit each family and the society. In Vietnam, there have been some program relating to financial education for kids yet it is not popular.

By NHUNG NGUYEN – Translated by UYEN PHUONG

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