Illustrative image (Source: VNA)
Hanoi (VNA) – A cooperation agreement to provide scholarships and bicycles for students living in need was signed during a ceremony in Hanoi on April 21.

Co-hosted by the National Fund for Vietnamese Children (NFVC), the Ministry of Labour, Invalids and Social Affairs and Bao Viet Insurance, the event was graced by the presence of former Vice President Nguyen Thi Doan, Deputy Minister of Labour, Invalids and Social Affairs Dao Hong Lan and General Director of Bao Viet Insurance Than Hien Anh.

Vietnam currently records nearly 26 million children aged below 16, 1.5 million of them are living in need and 2.5 million are at risk of falling into especially difficult circumstances.

It is estimated that more than 200,000 children drop out of school per year, mostly due to poverty.

This year, the Bao Viet Insurance Corporation will grant 1,500 bicycles and 1,500 backpacks worth nearly 3.2 billion VND (145,400 USD) to poor students via the NFVC.

Through the programme, Bao Viet Insurance has offered 10,000 scholarships and 12,000 gifts worth around 10 billion VND (454,500 USD) to students in especially difficult situations across 63 cities and provinces nationwide.-VNA