8VI’s recently launched free platform aims to increase youth financial literacy

FinEduTech company, 8VI Holdings Limited (“8VI”) has launched VI Club for Youth, a financial education platform, with the aim of paving the way, empowering and encouraging financial literacy among young adults. The platform will be free for students between 16 and 24 years old.

VI Club for Youth kicked off its Malaysia chapter with the mission of transforming lives through the power of financial literacy. According to a statement released by the company, pipeline initiatives include a series of talks, engaging activities and partnerships with universities that brings about a host of benefits to its young members. 

“With a lack of financial education and sensible money management skills imparted early in life, we hear of stories regarding youths and adults who end up in financial pitfalls when living beyond their means,” said Low Chern Hong, President of VI Club for Youth and a Master Trainer at VI College, the financial education arm of 8VI. “We believe good money habits are best fostered from young, and thus, the introduction of VI Club for Youth couldn’t have come at a better time.” We are determined to educate students and young adults alike on the value of money and how essential it is to be financially sound.” 

This corporate social responsibility initiative is in line with the Singapore-based 8VI’s vision of empowering growth and transforming lives, through VI College and VI App.

Low Chern Hong was also part of a panel discussion that took place during the launch which focused on the theme, “Why Financial Literacy in Schools Matters Today”. Other panelists included Dr. Wong Chin Yoong, Associate Professor at Universiti Tunku Abdul Rahman (UTAR) and Nicholas Chu, Financial Advisor and Principal of Max Wealth Education. 

VI Club for Youth also introduced the Equity Research Challenge (“ERC 2021”), a competition that tests on participants’ analytical, valuation, investment research writing and presentation skills. 

Jointly organized by committee members comprising students from UTAR and Universiti Malaya (UM), ERC 2021 will run from 8 May to 17 July 2021 and is open for registration till 5 May 2021. Winning teams will be rewarded with cash prizes totaling up to RM9,000, courtesy of VI College. 

To kickstart initiatives, the financial education platform has been conducting free live classes on a monthly basis for its members. Among the financial topics that will be presented in upcoming classes include money management, stock investing, career planning and more and classes will be conducted by skilled and experienced VI College trainers and guest speakers