The Bank for the Investment and Development of Vietnam (BIDV) signed a contract on April 9 to sponsor 15 billion VND (700,000 USD) to build five pre-schools in remote, ethnic minority-inhabited communes of northern Thai Nguyen province.

The province has asked the BIDV and relevant agencies to hasten the disbursement process to enable the facilities to go into operation for the 2015-2016 academic year, said Chairman of the provincial People’s Committee Duong Ngoc Long.

BIDV is one of the top banks in Vietnam with total assets of more than 655 trillion VND (30.5 billion USD).

It has also been involved in a number of social welfare activities and national target programmes, focusing on the healthcare, education and emergency aid relief to constituents affected by natural disasters.-VNA