HCM CITY — Việt Nam’s personal finance market is facing challenges, primarily stemming from a lack of financial literacy and limited access to educational resources, experts said. Dr Lê Minh Nghĩa, chairman of Việt Nam Financial Consultants Association (VFCA), highlighted the challenges during a forum on developing the personal finance market in Việt Nam organised late last week in HCM City. Findings from a survey conducted recently in Hà Nội further supported these concerns, with over 80 per cent of respondents admitting to having little interest and knowledge in personal finance. Financial educationCấn Văn Lực, a member of the National Financial and Monetary Policy Advisory Council, said personal finance planning remains limited as debt management ability, understanding, and knowledge of personal financial planning need improvement. Collaboration with employers can also play a significant role in promoting personal financial planning.
