Division of English for Specific Purposes

English for Finance and Banking

Vietnam National University, Hanoi

University of Languages and International Studies

Case Study Summary Alignment to the Course Learning Objectives:

Description: In this Case Study, Students will be able to

students are supposed to apply the
understanding of what they have learnt
in the course of English for Finance and
Banking, i.e. Money, Financial
Institutions, Savings and Investment
and Taxation, from setting priorities,
creating an investing and savings or
either goal, tracking spending and
learning about tradeoffs required to
achieve financial goals. They take on
the role of a graduate to develop
various options and strategies to
achieve a budgeting goal.
Internet Usage: Required
● Describe their budget plan
● Recognize the value of young people investing and/or saving early to
extract maximum earnings from their investments.
● Explain why asset allocation and diversification are key strategies for
successful investing and savings
● Explain what financial institutions are and how they are used to
construct funds
● Understand the difference between investing tools such as stocks, index
funds, mutual funds, and other more or less risky investments and the
costs and benefits associated with each
● Understand the different sources of savings
● Identify the pros and cons of different methods to implement an
investment and/or savings strategy
● Explain types of taxation applied in each situation

Format: Invidividual work

SAVINGS/INVESTING PLAN

You are a graduate, earning VND 12,000,000 (NET) per month. You attribute your financial savvy to the current job
and the courses (i.e. English for Finance and Banking) you have held over the past four years. These jobs helped you
save VND 50,000,000. You are currently making a savings and/or investment plan for 6 months, starting from May to
November 2020.

In order to make a feasible plan, you are advised to develop a basic plan tracking every VND you spend over the
course of a month (Step 1). After this, you should study various sources of savings and investment (or either) to weigh
pros and cons of these tools (Step 2). Following this, Step 3 develops a savings and investment (or either) plan to
boost your budget. In your writing, you need to: (1) Explain why you save and invest (or either); (2) Analyze at least 2
tools of investment and savings (or either) to justify why you have chosen them for your saving and investing (or
either) plan; (3) Explain returns and risks you may have; (4) Identify type(s) of tax applied in these cases.
Note: Your writing should have about 1,000 words in total.

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Step 1. Developing a basic spending plan
To make sense of all of this information, you organize the information by using the budget template provided below. In
the category column, you will list all of your various expenses. In the Monthly Cost column, you will total up the cost for
each of the expenses. In the last column, you will calculate how much that item is as a percentage of your total costs.
This should help you determine where you spent most of your money in the past month.
1. Complete this chart with the information provided above:
Category Monthly Cost Percentage of
Total Costs

Coffee

Movies/ Entertainment

Food

Clothes

Education

Gas

Cell phone bill

Others (Please specify) ….

TOTAL COSTS

Answer This:
2. After completing the chart, do some quick math to compare how much you should be saving per month and
to compare it to how much you are spending to determine your savings and investment (or either) plan.

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Step 2. Study various sources of investment and savings (or either)

Study a list of investing and savings (or either) sources ( at least 3 for each) and weigh pros and cons of these
sources.

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Step 3. Developing your saving and investing (or either) plan
(1) Explain why you save and invest (or either); (2) Analyze at least 2 tools of investment and savings (or either) to justify
why you have chosen them for your saving and investing (or either) plan; (3) Explain returns and risks you may have; (4)
Identify type(s) of tax applied in these cases.