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BIDV launches services for the Ho Chi Minh City Federation of Labor.

VnExpressVnExpress15/06/2023


In addition to welfare activities and information enhancement, BIDV will collect and transfer trade union funds to the Ho Chi Minh City Federation of Labor.

The signing ceremony for the cooperation agreement between the Ho Chi Minh City Federation of Labor (HCMCFL) and the Vietnam Investment and Development Bank (BIDV) took place on June 9th in Hanoi .

According to the cooperation agreement between the two units, BIDV will collect and ensure the automatic allocation of funds to trade union levels. Both sides also agreed to coordinate the implementation of activities that bring mutual benefits, such as: deploying BIDV's banking services to trade union members at all levels; providing financial resources and convenient products and services to trade union members; carrying out various social welfare activities; and strengthening information and communication efforts.

Speaking at the signing ceremony, Mr. Tran Doan Trung, a member of the Executive Committee of the Vietnam Federation of Labor, said: "The signing of the Coordination Regulations further affirms the cooperative relationship between the two units, creating a sustainable foundation for both sides to coordinate and enhance the effectiveness of cooperation in the coming period."

Representatives from the Ho Chi Minh City Federation of Labor and BIDV signed a cooperation agreement. (Image source: Provided)

Mr. Tran Doan Trung (standing on the left) - Member of the Executive Committee of the Vietnam General Confederation of Labor, Standing Vice Chairman of the Ho Chi Minh City Confederation of Labor, and Mr. Le Vo Thanh Phong, Director of BIDV Ky Hoa branch, signed the cooperation agreement. Photo: BIDV

On behalf of BIDV, Mr. Le Trung Thanh, Deputy General Director of BIDV, affirmed that with its strengths in modern technology, comprehensive product and service ecosystem, and extensive network, the unit will provide high-quality products and services to the Ho Chi Minh City Federation of Labor. At the same time, BIDV will ensure effective service to meet the management needs of trade union agencies; contributing to improving the quality of life and welfare for union members and workers...

The signing ceremony between the Ho Chi Minh City Federation of Labor and BIDV is part of the activities implementing the Coordination Regulations between the Vietnam Federation of Labor and BIDV, signed on December 15, 2022. The program aims to leverage the strengths of each party in their respective fields of activity and enhance coordination to bring the best benefits to workers.

Le Nguyen



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