HSBC donates nearly US$150,000 to disadvantaged children
The Hong Kong and Shanghai Banking Corporation (HSBC) Vietnam on July 31 presented US$148,500 to projects being implemented by three SOS villages and three non-governmental organizations (NGOs) in Vietnam.
The funds come from the bank’s Future First Program, which provides street children and orphans with opportunities to access education and vocational training.
Since 2007, Future First has funded 26 projects worth more than US$693,100, and benefited more than 53,400 Vietnamese children.
HSBC Vietnam General Director Sumit Dutta said by coordinating with NGOs in the country the bank’s funds will be used effectively to meet the community’s needs and help disadvantaged children.
Tran Thi Ngoc Dung, a representative from an SOS village in Vietnam, said the US$80,000 donation will be used to provide 752 children at SOS villages with the chance to go to school and offer them essential services for their development. It will also go toward helping train disadvantaged youths at SOS workshops.
A representative of the Phu Sa project in Dong Thap province, Le Thi Ngoc Tho, said the US$32,000 project will pay for school fees and learning facilities for 200 pupils, teach 120 children how to swim and educate 197 others in life skills.