Central Committee of the Ho Chi Minh Communist Youth Union and Sovico Group sign comprehensive cooperation agreement

The ceremony was attended by: Mr. Vu Hai Ha – Member of the Central Committee of the Communist Party, Chairman of the National Assembly’s Foreign Affairs Committee; Mr. Hoang Binh Quan – Former Member of the Central Executive Committee, Head of the Central Foreign Affairs Committee; Mr. Dang Minh Khoi – Deputy Minister of Foreign Affairs; Mr. Ta Quang Dong – Deputy Minister of Culture, Sports, and Tourism, along with leaders from ministries and the entire leadership of the Central Youth Union, and leaders of Sovico Group’s member companies: HDBank, Vietjet, Phu Long, GalaxyOne, HDSaison, HDInsurance, HDBS, MOvi…

Mr. Nguyen Anh Tuan, First Secretary of the Central Committee of the Youth Union, said: “I would like to express my sincere gratitude and appreciation for Sovico Group’s cooperation and support over the past 10 years in youth activities. Especially, Vietjet Airlines’ partnership with the ‘Clean the Sea’ campaign, which was identified as one of the key tasks of ‘Voluntary Youth 2018’, successfully cleaned 28 beaches nationwide. The campaign attracted a large number of participants, including Youth Union members, students, citizens, and both domestic and international organizations and businesses. I believe that with the position of one of Vietnam’s leading groups in many fields, Sovico Group, together with the Central Youth Union, will have many more social activities and will accompany the comprehensive development of Vietnamese youth in the future.”

Speaking at the signing ceremony, Mr. Nguyen Thanh Hung, Founder and Chairman of Sovico Group, said: “We hope to join hands with you, share experiences, support and back up the activities of the Central Youth Union, assist students in overcoming the initial challenges of life, and foster the passion and aspirations of the youth… I believe that many of the young people here today will become those who will create pride not only for themselves and their families but also contribute to the development of the country.”

This is also one of the priorities in Sovico Group’s activities in recent years. Last year, Sovico became a strategic partner of the United Nations in promoting youth involvement in green growth activities, protecting and promoting cultural and natural heritage in Vietnam. Many young talents from Hanoi have been nurtured and developed through activities such as the conservation and restoration of cultural heritage, revitalization of craft villages, and support for creative spaces.

Under the agreement, Sovico Group will sponsor 100,000 voluntary accident insurance policies for students participating in volunteer teams over the next 5 years (2021-2025), with total benefits of up to 6,000 billion VND per year. Sovico Group also commits to providing 500 airline tickets for outstanding youth and students; supporting 100 internship positions for outstanding students in aviation, banking, hospitality, factories, hospitals, etc.; and offering 100 scholarships for training at Vietjet Academy.

In particular, Sovico Group and the Central Youth Union will collaborate to implement a software system to manage and issue utility cards integrating financial products, insurance, credit benefits for students… This system is expected to be officially launched in September 2022.