Hanwha Life is actively addressing the financial challenges faced by the underprivileged sectors by selecting and nurturing young financial talents in Ho Chi Minh City, Vietnam.
On October 2nd, Hanwha Life announced that they are operating the ‘Hanwha Life Finance Mentor’ program, aimed at providing financial education to financially vulnerable groups such as youth and women in Vietnam.
This initiative is part of the global social contribution project ‘Future Plus’, which seeks to generate social value through financial education and talent development across international bases such as Vietnam and Indonesia.
According to reports from the International Finance Corporation (IFC) and Goldman Sachs, Vietnam is ranked among the top globally concerning the size of financially vulnerable groups, both in the Asia-Pacific region and worldwide. Hanwha Life, in collaboration with Ho Chi Minh City University of Technology (HUTECH) and Green Umbrella Children’s Foundation, is establishing a virtuous cycle of spreading customized financial education to the community by nurturing university-level financial and ICT talents.
The program, which commenced with an inaugural ceremony last August, selected 20 students from Ho Chi Minh City’s finance and computer engineering departments. Over the course of two months, they underwent basic financial and fintech education, participated in financial management workshops, engaged in mentorship practice for youth groups, and received expert feedback sessions. The education was delivered by experts including Hanwha Life’s finance and insurance professionals, local economics professors, and child education specialists.
Following this, the mentor team delivered customized financial education on financial management and consumption habits to youth and women at local middle and high schools and women’s and children’s empowerment centers in Ho Chi Minh area. Hanwha Life plans to continue providing education to 1,000 individuals through December this year.
A participant, Hồ Phan Trúc Anh, expressed, “It was meaningful to share the financial knowledge I learned with the local community. I directly encountered the challenges faced by the financially vulnerable in the community, and I aim to continue promoting the spread of accurate financial knowledge.”
A representative from Hanwha Life stated, “Through the process of Vietnam’s youth developing into financial mentors and disseminating knowledge in the community, we have confirmed that CSR is becoming a sustainable growth model, not a one-time effort. We will continue to expand programs that provide substantial assistance to financially vulnerable groups through our global CSR ‘Future Plus’.”