Korean companies donate over $200,000 to charity

Korean companies making donations to Vietnamese organisations at last night's Kocham Charity Night 2017

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Park Noh Wan, Consul General of the Republic of Korea’s Embassy in Vietnam, said that Kocham Charity Night is an opportunity for all individuals, companies, and government of Korea and Vietnam to work together for economic growth and the development of the co-operation between the two countries.

The trade volume between the two countries already exceeded $50 billion by October 2017 and is expected to reach a new record this year. Based on the expansion of trade and investment, Korea and Vietnam have established inseparable political, social, and economic ties. Now Vietnam´s economic and social development means the development of Korea.

More than 5,000 Korean companies have entered Vietnam with a cumulative investment of $55 billion. Korea has earned position as the No.1 investor in Vietnam.

“The active participation in charity activities will leave an impression that Korean companies are friendly and responsible in Vietnam, which will be a great help for the development of Vietnamese-Korean co-operation in this 25^th year of diplomatic ties,” he said.

Kocham Charity Night, which celebrates its 14^th anniversary this year, is the annual event where Korean companies doing business in the southern parts of Vietnam combine their efforts to support disadvantaged Vietnamese people.

This year, the charity event collected VND4.4 billion ($193,600) in donations as well as gifts worth VND600 million ($26,400). Major sponsors include Hwaseung Vina, Taekwang, CJ Corporation, Hyo Sung, Lotte Group, and Sung Huyn Vina.

The donation was awarded to several organisations, like Ho Chi Minh City Eyes Hospital, the Poor Patients’ Support Fund, Tien Phuoc Disability Facility, the Centre for Social Protection in Long An province, and the Ho Chi Minh City Relief Association for Handicapped Children.

Starting operations in 2003, Kocham has around 700 company members and represents over 2,500 Korean companies investing in the central and southern regions of Vietnam. Kocham has five branches in the provinces of Binh Duong, Dong Nai, Ba Ria-Vung Tau, Long An, and Ho Chi Minh City. The association also has four main business branches, including garment, finance, commerce, and logistics.