Hanwha Life Champions Financial Education in Vietnam
Hanwha Life, South Korea’s oldest life insurance provider, has launched an impactful initiative aimed at reducing financial vulnerability in Vietnam. Through its ‘Hanwha Life Finance Mentor’ program, the company is cultivating a new generation of financial leaders among university students in Ho Chi Minh City. These students are trained to deliver practical financial education to underserved segments of the community, including youth and women.
The program, announced on October 2, aligns with Hanwha Life’s global social-contribution strategy, Future Plus. This initiative seeks to generate long-term social value by promoting financial literacy and developing human resources in key international markets such as Vietnam and Indonesia.
Addressing Vietnam’s Financial Vulnerability
According to a recent report by the International Finance Corporation (IFC) and Goldman Sachs, Vietnam has one of the largest financially vulnerable populations globally. To help address this challenge, Hanwha Life partnered with Ho Chi Minh City University of Technology (HUTECH) and ChildFund Korea. Together, they aim to build a positive feedback loop where students educated in finance and information technology return to their communities to impart creative and culturally relevant financial knowledge.
The program began with the selection of 20 exceptional undergraduates from HUTECH’s finance and computer science departments. These students underwent an intensive two-month training regimen that included foundational finance and fintech instruction, hands-on financial management workshops, youth mentoring practicums, and expert-led feedback sessions. Training was facilitated by professionals from Hanwha Life, local university faculty, and child education experts.
Mentors Bring Financial Literacy to Local Communities
Following their training, the student mentors embarked on their mission to educate local populations. They delivered customized financial literacy programs at various institutions, including Royal School, Experimental High School of Ho Chi Minh City University of Education, and the Center for Capacity Building, Support for Women and Children (CSWC).
By incorporating interactive games and engaging activities, the mentors taught essential financial skills such as budgeting, saving, and managing daily expenses. Evaluation from youth-education experts ensured that the content was both effective and culturally appropriate.
The program aims to reach over 1,000 individuals by December, providing them with vital tools for financial independence. This initiative not only benefits the community but also provides the student mentors with valuable real-world experience and a deeper understanding of financial challenges in their society.
Voices from the Field
One of the student mentors, Hồ Phan Trúc Anh, shared her experience: “Through this program, I not only gained financial knowledge but also had the rewarding experience of sharing what I learned with local residents. This initiative made me aware of the financial struggles within our community, and I’m committed to continuing this important work.”
Her testimony reflects the dual impact of the program—empowering both the mentors and the community members they serve. The initiative exemplifies how corporate social responsibility can evolve into a model for sustainable community development.
A Vision for Sustainable Impact
Hanwha Life’s investment in Vietnam’s future financial leaders underscores its commitment to global social progress. A company spokesperson emphasized, “By nurturing young Vietnamese talents as finance mentors and enabling them to share knowledge across their communities, we have confirmed that corporate social responsibility can grow beyond short-term support into a sustainable development model.”
Looking ahead, Hanwha Life plans to expand the ‘Future Plus’ platform and introduce more innovative programs to assist financially vulnerable populations. These efforts are part of the company’s broader mission to foster economic empowerment and social resilience in emerging markets.
About Hanwha Life
Founded in 1946, Hanwha Life is South Korea’s first life insurance company and a pioneer in the industry. With over 78 years of history, the company has played a significant role in the growth of South Korea’s economy. In 2023, Hanwha Life reported total assets of USD 113.77 billion, reflecting its strong financial foundation and dedication to delivering innovative insurance solutions tailored to diverse customer needs.
For more details on Hanwha Life and its global initiatives, visit Hanwha Life Official Website.
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