The VinaCapital Foundation Donates To Support Vulnerable Communities In Ho Chi Minh City During Covid-19 Pandemic

Joining hands with those affected by Covid-19, the VinaCapital Foundation (VCF) donated 400 million VND to Ho Chi Minh City Association For Women Executives & Entrepreneurs (HAWEE) to provide food and essentials for vulnerable communities in Ho Chi Minh City through the “Zero charges Mini-Supermarket” campaign. The donation aimed to provide thousands of poor households in the city with free necessities during the fourth wave of Covid-19.

Since the end of April 2021, Vietnam has been experiencing an extremely fast-spreading outbreak with thousands of new cases in 62 municipalities and provinces. Recording high daily cases with multiple clusters in many places since the end of May, Ho Chi Minh City becomes the locality with the highest number of infections in Vietnam. This worst-ever Covid-19 wave has put 230.000 freelance and uncontracted workers into extremely challenging financial difficulties.

In this urgent situation, HAWEE has accompanied the “Zero charges Mini-Supermarket” campaign organized by the Department of Industry and Trade, Phu Nhuan Jewelry – Jewelry Joint Stock Company (PNJ), Business Association of High-Quality Vietnamese Goods, Ho Chi Minh City Youth Union, and Young Businesspeople Association (YBA). The “Zero charges supermarket” mini-chain provides needed goods for thousands of people in 22 districts in Ho Chi Minh City. Goods served at the mini-supermarkets are daily necessities. Every two days, each household is given two to three grocery tickets, each worth 200,000 VND, to purchase the daily supplement at the supermarket. As of July 22, 2021, the campaign of HAWEE raised a total value of more than 12 billion VND (approx. USD 525,507), of which the cash donation is 8.6 billion VND, and the rest is goods.

In response to this meaningful campaign, VCF donated 400 million VND to HAWEE to provide essential assistance to people who have lost their jobs and those with unstable and low-income employment due to the outbreak in HCMC.

Mr. Rad Kivette, CEO of The VinaCapital Foundation, states: “It is our honor to join hands with the dedicated businesswomen of HAWEE and bring assistance to suffering communities in HCMC so that everyone can overcome this difficult period. As the pandemic grows dramatically in the city, VCF will do our best to ensure that the lives and livelihoods of those most affected are protected and preserved. This contribution also reflects the VinaCapital Group’s dedicated longstanding care and commitment to the development and well-being of all Vietnamese people, especially in desperate times like these.”

This practical and thoughtful activity affirms VinaCapital Foundation’s mission to implement and support programs that ensure everyone benefits from the enormous economic growth of Vietnam, especially those from disadvantaged and marginalized communities who face the most difficult challenges.