Shinhan Bank, CIS Lao Cai to offer tuition aid for parents with zero interest rate

Shinhan Bank has signed a strategic collaboration agreement with Canadian International School Lao Cai (CIS Lao Cai) in the northern province of Lao Cai to establish an exclusive tuition assistance program for local students, thereby, encouraging their learning journey.

Specifically, while paying tuition fees through Shinhan Bank, parents of CIS Lao Cai will be able to pay annual tuition fees of up to VND1 billion ($42,600) with 0% interest and an installment period of six to 12 months.

This service, in particular, is absolutely free for financial transactions from now until April 30, 2024. With this promotion program, parents can be flexible in allocating tuition payments based on their financial capacity.

Furthermore, parents are entitled to the following benefits: exemption from all interest expenses (excluding late payment interest), card opening fee, transaction fee, installment conversion fee of 6-12 months since credit grant date to pay tuition fees; simple approval procedures, no collateral, no need to prove income with a limit of up to one billion dong and so on.

Within the framework of the partnership agreement, Shinhan Bank will coordinate to provide preferential banking services exclusively for CIS Lao Cai teachers and employees, including credit cards and loan packages. Simultaneously, the two partners will collaborate to implement marketing activities to promote this product/service.

The signing event marks the beginning of a long-term fruitful journey and collaboration between Shinhan Bank and CIS Lao Cai, as well as a commitment to leverage both parties’ available resources to bring practical values to parents through Canadian education to local students and outstanding financial products and services from Shinhan Bank.

"With this cooperation, parents in Lao Cai have more conditions to choose for their children to enjoy high quality, Canadian standard education. This event marks the beginning of a journey of long-term cooperation and mutual development between Shinhan Bank and CIS Lao Cai in the coming years, and both parties commit to leveraging their respective resources to achieve the goal of providing local studious young talents with an equal opportunity to become future global citizens and leaders," said Trinh Quang Khoi Nguyen, deputy general director of Khoi Nguyen Investment Group, owner of CIS Lao Cai.

Lee Han Byeol, deputy general director of Shinhan Bank Vietnam, said: "The results of the first three years of cooperation between Shinhan Bank and CIS Ho Chi Minh City have created a strong belief for us to continue accompanying the Khoi Nguyen Investment Holdings’ board of directors on the journey of educational service, supporting parents to lay a solid foundation for the growing learning needs of the young generation, and contributing to the development of the non-public education sector in Vietnam."

"We will certainly continue this journey with confidence and full cooperation for the long-term development of Shinhan Bank and CIS Lao Cai in particular, and Khoi Nguyen Investment Holdings in general," he added.

Canadian International School - Lao Cai (CIS Lao Cai) has been authorized by the Ministry of Education in Alberta (Canada) to teach the provinces’ curriculum and joins the Alberta Accredited International School community as its 18th school in the world.

The school’s entire Canadian teaching faculty includes teachers that have met Alberta's teaching standards. It is important to know that Alberta is the province that has the highest education quality in Canada.

According to the 2018 PISA assessment, Alberta students' scores in science, math and literacy rank among the top 10 of the world. Alberta schools are particularly focused on teaching practical skills and critical thinking to students of all ages.