Thailand financial education provision network and lessons for Vietnam

Dang Tue Nguyen, Tu Anh Hoang

Main Article Content

Abstract

Previous research showed that financial literacy is vital in modern society. Therefore, it is necessary and beneficial for both the whole economy and each individual to acquire financial knowledge and skills. Together with rapidly developing financial markets and products, improving people’s financial literacy is attracting much attention of many South East Asian governments. As a result, many financial education programs have been implemented, raising financial literacy levels among people in these countries. This article introduces the system delivering financial literacy education programs in Thailand, analyzes delivering methods, relevant lessons and recommendations for Vietnam.

Article Details

References

[1]. American Institute of Certifi ed Public Accountants (2003), Financial literacy background.
[2]. Asian Development Bank (2013), “Technical Assistance Consultant’s Report: Financial Literacy - Findings and Recommendations Report; Kingdom of Thailand: TA7998 (THA) - Development of a Strategic Framework for Financial Inclusion in Thailand”.
[3]. Australian Securities and Investment Commission (2003), Summary of stakeholder responses to Financial literacy in schools.
[4]. Bank of Thailand (2013), “Financial Access Survey of Thai Households 2013” https://www.bot.or.th/English/FinancialInstitutions/Highlights/FIHouseHold_Docs/2013%20Financial%20Access%20 Survey%20Final.pdf.
[5]. Behrman, Jere R., Olivia S. Mitchell, Cindy Soo, và David Bravo (2010), “Financial Literacy, Schooling, and Wealth Accumulation”, National Bureau of Economic Research Working Paper, Series No. 16452 (October).
[6]. Currie, Bill (2005), Financial Sector Involvement in Financial Capability, Presentation to “Canadians and Their Money: A National Symposium on Financial Capability” Ottawa, June 9-10, 2005.
[7]. Finscope Thailand (2013), “Quantitative Demand Research Report”, http://www.adb.org/sites/ default/fi les/project-document/80380/45128-001-tacr-06.pdf.
[8]. Glee, Michael (2015), “Dawn of a new financial era”, https://www.questia.com/ newspaper/1G1-399053411/dawn-of-a-new-fi nancial-era-better-understanding.
[9]. Jacob, K., Hudson, S. & Bush, M. (2000), Tools for survival: An analysis of fi nancial literacy programs for lower-income families, Chicago: Woodstock Institute.
[10]. Mastercard (2013), “Mastercard Index of Financial Literacy Report”, http://www.masterintelligence.com/content/intelligence/en/research/reports/2013/mastercard-index-of-fi nancial- literacy-report-2013h1.html.
[11]. OECD/INFE (2013), OECD/INFE toolkit to measure financial literacy and inclusion; Guidance, Core questionnaire and Supplementary questions.
[12]. Schagen, S. và Lines, A. (1996), Financial Literacy in Adult Life. A Report to the Nat West Group Charitable Trust. Slough, Berkshire: National Foundation for Educational Research NFER.
[13]. U.S. Financial Literacy and Education Commission (2007), “Taking ownership of the future: The national strategy for fi nancial literacy”, https://www.treasury.gov/about/organizational-structure/ offices/Domestic-Finance/Documents/Strategyeng.pdf.
[14]. WTO (1997), “General agreement on trade in services”, https://www.wto.org/english/tratop_e/ serv_e/gatsintr_e.htm.