CJ Group delivered 20 million won in scholarships to 100 young people in Vietnam.
The scholarship granting ceremony was held at the Da Lat Government Center in Lam Dong Province on the 27th in the presence of over 300 people including scholarship grantees and their family. Global Management Advisor Jeong Yong-Soo, Corporate Social Responsibility Promotion Director Min Hee-Kyung and Regional Office Director in Vietnam Chang Bok-Sang, from CJ Group, and Vice Chairman of Lam Dong Province People's Committee Phan Van Da and Deputy Director of Education Department Tran Duc Loi, from Lam Dong Province’s government, were present for the event.
Since 2013, CJ Group has granted scholarships to students who face financial difficulties despite their excellent school records in Vietnam. Starting from this year, CJ Group has expanded the scope of recipients from 55 elementary, middle and high school students to as many as 100, doubling the size of scholarships by 400 million Vietnamese dong (approximately 20 million won).
Vietnam is deemed as a "young" country with a large, young population and CJ has granted scholarships in an effort to contribute to local communities through educational support projects as a means to bolster the country's high economic growth rate. The company will put into practice the philosophy of sharing formed by its chairman Lee Jay-Hyun, who has a strong commitment to eliminating intergenerational transfer of educational inequality around the world.
Meanwhile, CJ Group who has aggressively expanded its business in Vietnam is also engaging in many local social contribution activities, including the ‘CSV project in rural Vietnam’ aimed at improving the incomes of farmers and strengthening their economic abilities. Since 2014, it has taught farming methods for Korean chili peppers to poor local farmers in Ninh Thuan Province and operates a contracted cultivation program to help them earn stable income while carrying out the project for improving their living environment, including renovation of community centers, kindergartens and elementary schools and supply of tap water.