Shinhan Bank Vietnam, HCM Communist Youth Union offer scholarships to disadvantaged students

Shinhan Bank Vietnam Limited has collaborated with Ho Chi Minh Communist Youth Union to grant 50 scholarships worth VND3.5 million ($144) each and 50 gift sets to students with poor parents living in difficult circumstances.

The move, made in Ho Chi Minh City on Wednesday, aimed to encourage their studious spirit and motivate them to continue striving on their journey for knowledge. Each gift set includes one Shinhan Bank-LocknLock thermoflask sponsored by Shinhan Bank and one electric stove sponsored by LocknLock.

The total scholarship value is VND175 million ($7,200) funded by sales of the limited edition thermoflasks in September 2023. The limited edition was conceptualized and designed by Shinhan Bank's Brand Strategy Department and sold at more than 20 LocknLock stores nationwide.

This is one of a series of exceptional events to commemorate Shinhan Bank's 30th anniversary in Vietnam, and respond to the ESG strategy proposed by Shinhan Financial Group in Korea, with the goal of "global greening".

Kang GewWon, CEO and general director of Shinhan Bank Vietnam, said: "In our 30th year in Vietnam, we consistently recognized CSR activities as part of the bank's responsibility and mission to the community, to contribute to the establishment of trust and mutual understanding between businesses and local people."

"We are extremely grateful for the Government, the State Bank, the Ho Chi Minh Communist Youth Union, and local agencies' relations and enthusiastic support on our path to accomplish the "Bringing a Better World Through Finance" target," added the executive.

With this campaign, Shinhan Bank once again wishes to spread warm finance, as well as positive energy to people facing difficult conditions in society, affirming its sustainable connection and sharing prosperity in the country.

Shinhan Bank has also donated VND300 million ($12,300) to renovate a school in Ha Giang province through the online marathon "Shinhan 30 Years Online Marathon", and given bicycles and scholarships to disadvantaged students across the country as part of its 30th anniversary celebrations.

The bank has contributed more than VND81 billion ($3.3 million) to meaningful activities since 2007, totaling more than 59,652 hours of community service.

Shinhan Bank Vietnam Limited is a subsidiary of Shinhan Bank Korea, an affiliate of Shinhan Financial Group (SFG). SFG is the leading financial holding company in Korea and listed on both the Korea Exchange (KRX) and New York Stock Exchange (NYSE).

In Vietnam, Shinhan Bank’s history can be traced back to 1993 when Shinhan Bank opened a representative office in Ho Chi Minh City. Over its 30-year history, the bank has built a broad network expanding from the North to the Central and the South of Vietnam. Shinhan Bank offers a diversified portfolio of tailored corporate and consumer banking products and solutions.

In 2023, the bank received four consecutive awards from prestigious international organizations, including Best Foreign Retail Bank Vietnam 2023 from Global Business Review Magazine, Best Foreign Digital Bank Vietnam 2023 from International Business Magazine, Best Foreign Bank Vietnam 2023 from World Economic Magazine, and Fast Growing Corporate Bank Vietnam 2023 from Global Banking and Finance Review Magazine.

For more information about Shinhan Bank Vietnam, please visit:

Website: https://shinhan.com.vn/

Facebook: www.facebook.com/Shinhanbankvn/

Instagram: https://www.instagram.com/nganhangshinhan/