Sacombank employees donate one day’s salary to support people affected by natural disasters

Mr. Nguyen Quoc Kien, Director of Sacombank's Thai Nguyen Branch, and the delegation presented "Preventing Dropout" scholarships to students and teachers in Thai Nguyen province. Photo: Sacombank.

Upholding the nation's tradition of mutual support and the mission of "Accompanying the development," Sacombank's trade union executive committee called on union members and employees across the system to contribute to supporting people in provinces affected by storms and floods. More than 18,000 union members and employees voluntarily donated at least one day's salary each, amounting to over VND 12.7 billion.

Mr. Bui Nguyen Khanh, Director of Sacombank's Lao Cai Branch, and Mr. Nguyen Duc Binh, Deputy Head of Tuoi Tre's Northern Region Office, presented scholarships to students in Lao Cai. Photo: Nam Tran.

The Sacombank trade union executive committee has transferred the funds to local chapters of the Vietnam Fatherland Front and the HCMC Federation of Labor to assist affected communities.

Earlier, Sacombank coordinated with local authorities in the provinces of Thai Nguyen and Lao Cai to personally visit and present gifts worth a total of VND 500 million to help residents recover from the damage caused by Storm No. 3. The bank also contributed VND 500 million to a support program for northern provinces initiated by the newspaper Tuoi Tre and joined Tuoi Tre in directly delivering scholarships to students and teachers in heavily flooded areas under the “Preventing Dropout” initiative.

Additionally, Sacombank has introduced several preferential programs for customers affected by storms and floods, such as reducing interest rates by up to 2% per year for existing loans, providing VND 10 trillion in loan funds with minimum interest rates of 4%-5% for new loans, reducing service fees by up to 50%, and waiving early repayment fees for all loans. Sacombank branches in areas hit by storms have also reviewed and assisted customers in finding solutions to restore their production and business activities and stabilize their lives.

Mr. Nguyen Tran Sinh, Director of Sacombank's Phu Tho Branch, and the delegation presented "Preventing Dropout" scholarships to students in Phu Tho province. Photo: Sacombank.

The leadership of Bac Ha district presented a letter of appreciation to Sacombank and Tuoi Tre newspaper representatives. Photo: Nam Tran.