The Republic of Korea’s Hanwha Life Insurance will fund the constructionof 40 houses, each worth some 1,600 USD, for the needy in six southernVietnamese provinces.
A deal to this effect was signed betweenthe Korea Cultural Centre of the Asia Cultural Exchange Foundation(ACEF) and the Vietnam Union of Friendship Organisations (VUFO) in HoChi Minh City on April 24.
Through ACEF, Hanwha’s project will benefit the provinces of Kien Giang, Ca Mau, Long An, Vinh Long, Dak Lak and Binh Dinh.
LeVan Hong, Chairman of VUFO’s Kien Giang provincial chapter, said theproject will make it easier for locals to live above the poverty lineand enjoy more stable lives.
Last year, ACEF partnered with RoKand Vietnamese organisations to build and hand over 93 houses to thepoor in the south, including the Vietnam Friendship Village in VinhLong.-VNA