UEB co-organizes the international conference “Financial consumer protection and sustainable development”: Important contributions to the financial promotion and economic growth
23/09/2022 14:35

Financial consumer protection is important in promoting financial inclusion, contributing to the economic growth of each country. The 9th Annual Global Forum for Financial Consumers (GFFC-2022) with the theme "Financial consumer protection and sustainable development" was co-organized by the International Academy of Financial Consumers (IAFICO), Faculty of Accounting and Auditing - VNU-UEB, and Academy of Banking (SBV-BA) on August 4-5/ 2022.


GFFC-2022 attracts hundreds of scientists, researchers, managers, domestic and international experts. Keynote speakers are included Dr. Janis Pappalardo - Associate Director for Research, Markets, and Regulations at Consumer Financial Protection Bureau (CFP Bureau); Professor Sharon Tennyson, Cornell University, USA; Professor Brenda Cude, George University, USA; Professor. Adele Atkinsons, University of Birmingham, UK; Dr. Can Van Luc, member of the National Monetary and Financial Policy Advisory Council; Dr. Pham Bao Khanh, Deputy General Director of Vietnam Deposit Insurance.

Assoc.Prof. Dr. Nguyen Anh Thu - Vice Rector of VNU-UEB said: “The fourth industrial revolution is taking place far and wide, creating many opportunities and challenges for each country in the development process. Keeping up with that trend, VNU-UEB has shown a pioneering role in carrying out the mission of researching and transferring research results in the digital economy to the Government, organizations, businesses, industries and society. We hope that the workshop will open up new research directions on behavioral finance, the formation and development of the market for renewable energy technology, banking, financial instruments, green accounting, integrated reporting, environmental audit, etc., as well as opening up many opportunities for international cooperation in teaching and research with leading universities in the region and the world.”

Prof. Dr. Man Cho - KDI School of Public Policy and Management, International Academy of Financial Consumers also expressed that this conference is a gathering place for experts and scientists with many in-depth research papers to discuss about problems, provide effective solutions, and provide valuable financial consumer protection policy recommendations towards sustainable development.

Ms. Phan Thi Thanh Binh - Deputy General Director of Vietnam Deposit Insurance said that protecting financial consumers is an important issue, because Vietnam's economy is relatively dependent on the banking system in providing capital for economic development. In addition, the protection of financial consumers is still relatively limited in our country, so the workshop will make a great contribution to raising awareness, as well as proposing effective policies for financial consumers in general and depositors in particular in Vietnam.

 
During the discussion sessions, financial education and financial planning; financial consumer protection from the impact of COVID-19; consumer and social protection were discussed and solutions to protect Vietnamese financial consumers were proposed.

 

Dr. Nguyen Thi Hong Thuy - Dean of the Faculty of Accounting and Auditing – VNU-UEB said that the event not only contributes to strengthening the strong cooperation relationship between the University and major financial institutions in the world, prestigious universities at home and abroad but also contribute to affirming the position of the University in international research. The extensive international cooperation is the foundation to improve the prestige and training quality of VNU-UEB in the future.

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