SEOUL, Korea, Nov 07 (Korea Bizwire) - Shinhan Financial Group said on November 6 that it has opened a vocational training center for youths from low-income families in Ho Chi Minh City, Vietnam, as part of its global corporate social responsibility program. At the opening ceremony on the 6th, dignitaries including the city’s Department of Education and Training deputy head Pham Ngoc Thanh, Urban District No. 12 People’s Commissariat chairman Tran Ngoc Ho, and Ho Chi Minh City Korean Consular Oh Jae-Hak, as well as Shinhan Financial Group vice president Soh Jae-gwang and Shinhan Bank Vietnam president Huh Young-taek were in attendance.
The group will support a total of 800 million won for the next three years for the training center’s operation. During the period, it plans to train up to 3,000 students and provide job opportunities for the graduates. At the center, the students will take courses in accounting, technology, and other practical disciplines. In addition, they will be taught the Korean language as they will be hired in Korean-run companies in Vietnam.
Currently there are 1,200 Korean companies doing business in Vietnam, with more than 500,000 local employees working in these companies. For this reason, Vietnamese students prefer to take Korean classes.
Soh Jae-gwang, Shinhan Financial Group vice president, said in the opening ceremony, “It is a meaningful milestone for our group as it shows that a financial service provider can make a difference in changing someone’s life, especially in a foreign land.”