On 10 January 2019, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) announced its Tet gift program totaling VND20 billion for the disadvantaged people. For the 11th consecutive year BIDV has implemented the program.

With the aim of bringing disadvantaged communities a little warmth at Tet (Vietnamese New Year 2019), BIDV Trade Union advocated the donation of 40,000 Tet gifts worth VND20 billion to distribute to disadvantaged people across the country. Each Tet gift is worth an average of VND500,000.

The “Tet gifts for the disadvantaged communities” program targets people living in remote areas or regions affected by natural disasters, poor workers, patients, needy elderly people and children.

The bank said the trade unions at its branches would work with provincial competent authorities to deliver the gifts to the local people.

At the announcement ceremony, BIDV directly presents VND1 billion to the Golden Heart Fund under the Vietnam General Confederation of Labour as gifts for poor workers in 63 provinces and cities across the country. The bank will cooperate with the Vietnam Journalists Association, Tien Phong Newspaper, People's Police Newspaper and other newspapers to deliver the Tet gifts to the local people.

Mr. Tran Xuan Hoang, Senior Executive Vice President at BIDV, said: “BIDV wishes to shoulder with localities to care for the life of the poor people, especially at Tet. For the Tet gifts program, BIDV's trade unions at its branches will actively cooperate with provincial labour unions to deliver the gifts to the local people, low-income workers, and hospital patients. The presentation of Tet gifts to localities will be completed before Tet.”

BIDV has donated more than 600,000 sets of gifts worth over VND160 billion to the disadvantaged people since 2009.

For further information please contact:

Branding and Public Relations Department

Bank for Investment and Development of Vietnam JSC

Tel: (+84)24.22205256; Fax: (+84)24.22200399