Shinhan Life Vietnam is committed to sustainable community development

The company, a member of South Korea's Shinhan Financial Group, places great emphasis on long-term initiatives aimed at creating shared values that foster sustainability for the community and society.

The S-Career programme operated in four high schools in Dong Thap and Ca Mau. Photo: Shinhan Life

In a rapidly developing country like Vietnam, investing in people, particularly the young generation, with a focus on education and proper guidance rather than just financial aid, is paramount,

For the past three years, this principle has driven Shinhan Life’s community responsibility programmes in Vietnam. The company has prioritised initiatives aimed at training, skill-building, and knowledge-sharing, equipping young people with the tools and confidence to secure a sustainable future.

Among Shinhan Life Vietnam's impactful initiatives is the S-Career initiative, implemented in collaboration with SIF Career, a top education and career guidance organisation.

This career orientation scheme provides high school students with essential knowledge and tools to uncover their potential gradually and empowering them to 'pick the right industry and do the right job', a critical step towards their future success.

The S-Career scheme also benefited educators by offering effective methods and tools, enabling teachers to support students in career orientation. In this, its first year, the initiative reached nearly 1,400 students and over 150 teachers, furthering Shinhan's commitment to sustainable community development through education.

Shinhan Life Vietnam’s long-term partnership with SOS Children's Villages Vietnam has been widely recognised for its impactful activities, ranging from donating educational equipment and funding infrastructure upgrades to providing career orientation skills for children and young adults. One highlight has been the iLead education programme, developed in collaboration with BNJ Vietnam, which is tailored for young people in SOS Children's Villages in Hanoi, Ho Chi Minh City, and Danang.

Beyond equipping the young people with essential skills and knowledge, the scheme offers opportunities for skill training, internships, and potential employment at Shinhan Life for those who demonstrate the interest and ability.

Shinhan Life Vietnam works with BNJ Vietnam to implement the iLead scheme at SOS Children's Village. Photo: Shinhan

In addition to the company’s youth-focused initiatives, Shinhan Life places significant emphasis on supporting children, the future of the nation.

A standout effort is the annual distribution of over 50,000 complimentary ‘Shinhan – An Binh’ insurance policies since 2022, providing leukaemia insurance coverage for children.

Furthermore, Shinhan Life has supported treatment costs for underprivileged paediatric leukaemia patients at Ho Chi Minh City Children’s Hospital, contributing $25,000 worth of medical aid over the past three years. These efforts have brought renewed hope and a chance at normalcy for many children's lives.

In recognition of its efforts to support the community in which it operates, Shinhan Life Vietnam was honoured with the prestigious ‘Corporate for the Community’ title at the 2024 Saigon Times Corporate Social Responsibility Awards on November 14

This esteemed recognition celebrates businesses that contribute positively to economic, social, and environmental development. Under the theme ‘Invest in a Sustainable Future’, the award acknowledges Shinhan Life Vietnam's relentless efforts in nurturing future generations, driven by the belief that investing in children and young people is key to building a sustainable future for Vietnam.

General director Bae Seung Jun (centre) receives the ‘Corporate for the Community’ award. Photo: Shinhan Life

Aligned with Shinhan Life’s commitment to delivering sustainable value to the community and society, the life insurer leverages its financial strength and the expertise of its parent company in South Korea to introduce comprehensive insurance solutions for Vietnamese people.

These efforts aim to support families in improving their quality of life. To date, the company has safeguarded the sustainable future of hundreds of thousands of Vietnamese families against life's uncertainties.

At the award ceremony, general director Bae Seung Jun shared the company’s development strategy for the coming year, emphasising that alongside driving business growth, Shinhan Life Vietnam remains committed to strengthening its contributions to the community.

"This commitment will be fulfilled through Shinhan Life’s own initiatives and collaborative efforts with other members of Shinhan Financial Group operating in Vietnam," he said.

EPR can be a move towards sustainable development By implementing extended producer responsibility, Vietnamese businesses can meet the increasingly high demands of partners and participate extensively in the global value chain, but it is also a challenge because new regulations always take time to deploy and enforce effectively.

Shinhan Life empowers young generation with career programme Shinhan Life Vietnam has launched the S-Career orientation programme for high school students, empowering the future workforce of Vietnam.

Shinhan Life Vietnam concludes successful career programme for students South Korean-backed insurer Shinhan Life Vietnam, in collaboration with Journey Career Education Guidance and Development Co., Ltd., also known as SIF Career, has successfully completed an orientation programme for high school students after nearly three months of implementation.