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Industrial Bank of Korea improving education environment in Hoa Binh

Released at: 13:38, 23/10/2019

Industrial Bank of Korea improving education environment in Hoa Binh

Photo: ChildFund Vietnam

South Korean bank working with ChildFund Vietnam to build classrooms and beautify environment in northern province school.

by Le Diem

The Industrial Bank of Korea (IBK), in cooperation with ChildFund Vietnam, is organizing a voluntary trip to a primary and secondary school in northern Hoa Binh province from October 22 to 24 with the aim of improving the local education environment for students.

Phu Cuong Primary and Secondary School in Phu Cuong commune, Tan Lac district, has received financial support of VND2.5 billion ($108,000) from IBK to construct an eight-classroom building.

During the three-day trip, IBK staff will help paint pictures on the building and surrounding fences to give the students a brighter place to study in.

Students and IBK staff will also hold a range of activities to provide a rich experience in both Vietnamese and Korean culture.

Students from Grade 4 and 5 will also have financial literacy lessons delivered by IBK bankers, for the first time being introduced to and guided in money-related decision-making activities through games and interactive question and answer sessions.

“We hope this will help improve the educational environment in the community of Phu Cuong, and in the future we will continue to support diverse activities to improve the children’s future and hopes,” said Mr. Maeng Seon Bae, Director of the IBK Hanoi Branch.

Ms. Duong Thi Hien, Deputy Principal at the school, said she appreciates the support from IBK. “Thanks to this event, our students will for the first time be able to enjoy some authentic Korean cultural activities that they have only ever seen on TV,” she said. “We are thankful that through this meaningful trip, our school can now offer a better learning environment for the children.”

Since 2011, IBK has sent over 1,000 employees overseas, to Vietnam, Myanmar, Cambodia, and Indonesia, a total of 15 times to conduct volunteer work such as building new schools and facilities for drinking water.

IBK was established in 1961 in South Korea and opened its Hanoi Branch in 2013. Its vision of “IBK, Financial partner for a better future, so that your success is our success”, reflects its commitment to creating new value and improving the daily lives of customers and other stakeholders while also contributing to the economic growth of South Korea. Under this principle, part of profits from overseas countries is returned to the countries, and IBK has been supporting several overseas projects in the countries where its branch offices are located.

ChildFund Vietnam is the representative office of ChildFund Australia, an independent and non‐religious international development organization that works to reduce poverty for children in developing communities. ChildFund began working in Vietnam in 1995 and works in partnership with children, their communities, and local institutions to create lasting change, respond to humanitarian emergencies, and promote children’s rights. Projects are being implemented in the northern provinces of Bac Kan, Cao Bang, and Hoa Binh, where the majority of people are from ethnic minority groups, who are often the most vulnerable or marginalized in society. With a focus on education, water and sanitation, sustainable livelihoods, children’s rights and child protection, food security, and maternal and child health, including HIV prevention, ChildFund Vietnam also prioritizes building resilience among young people by giving children and youngsters the opportunity to take part in sports, vocational education, and life skills training, and supporting their participation in local decision‐making processes.

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