HSBC Vietnam to Join Hands with VinaCapital Foundation to Assist Vulnerable Groups during COVID-19

HSBC Bank (Vietnam) Ltd. (HSBC Vietnam) has officially announced its relief program to support Vietnam in the fight against COVID-19, one of which is co-operated with the VinaCapital Foundation.

HSBC Vietnam’s program of VND 3 billion will support the most vulnerable groups in Vietnam who are adversely impacted by COVID-19. It will not only provide immediate support, but the program also aims at building resilience and preparedness for these groups of people for any similar crisis in the future, creating a positive long-term impact on the community. HSBC Vietnam is cooperating with experienced non-governmental organizations such as VinaCapital Foundation, Worldwide Orphans Foundation (WWO), and Supporting Community Development Initiatives (SCDI).

The program includes three projects which are expected to extend support to around 10,000 people of different backgrounds who are also the most vulnerable groups in Vietnam. As an initial action, two projects will provide basic relief such as food, shelter, medicine, therapy sessions, and special home education platforms for migrants, the homeless, off-the-book workers, disabled children with disadvantaged backgrounds, and their caregivers who are seriously impacted by COVID-19.

VinaCapital Foundation is honored to work with HSBC on the long-term project that will look to install clean water filtration systems for public hospitals in remote communes, benefiting healthcare workers and patients in these areas. In addition, it will set up training on the need for clean water for local people, and provide economic recovery to the people in need.

Tim Evans, CEO, and Chairman of the Corporate Sustainability Committee of HSBC Vietnam said: “We would like to thank our NGO partners. It is critical at this point in time, that we are all able to work from home in order to comply with the social distancing guidance of the authorities. There are a number of designated essential services such as banking that continue to function, but it is the volunteers of these organizations who still go out and provide assistance to the most vulnerable people that make a material difference to the lives of many. These people together with people in the medical profession are all part of the front line in the battle against COVID-19 and we would like to provide them with the means to continue doing their invaluable work.”

Initial information about the program with VinaCapital Foundation:

• Project: Clean Water – Reducing the Risks of virus spread
• Partner: VinaCapital Foundation (VCF)
• Time: June 2020 – June 2021
• Location: Ha Giang, Dak Lak, Quang Ngai
• Beneficiary: 3 hospitals in rural areas with 2,000 – 2,500 patients and their families are able to access clean water each day
• Summary: The project goal is to prevent Covid-19 from spreading into rural areas of Vietnam. These are poor provinces and it is always the poorest who suffer the most. Clean water sources are critical to protecting these poor vulnerable communities from Covid-19. The installation of 3 filtration systems will immediately reduce water born diseases including Covid-19, slow the spread of this highly contagious disease, and improve the health outcomes for healthcare professionals, patients, and their families. By avoiding the pandemic and improving the healthcare generally in ‘at risk’ communities, economic development can proceed, children will be healthier and people can thrive.

For the past years, HSBC Vietnam has been an important partner of the VinaCapital Foundation in projects on clean water, health, and education. By cooperating with HSBC this time, VinaCapital Foundation hopes to continue to bring positive changes by helping vulnerable groups live safely and healthily, thereby contributing to the development of Vietnamese people and the country during and after the COVID-19 pandemic.

For more information, please visit: https://www.about.hsbc.com.vn/news-and-media