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The amount includes VND10 million ($475) for each of 18 Vietnamese Olympians to cover personal expenses.
This sponsorship underscores Manulife’s commitment to supporting Vietnam’s sports development under the cooperative agreement signed with the Vietnam Sports Administration in April 2012.
“We are very proud to be able to reaffirm our support to the Vietnam Sports Administration. This is a great opportunity for us to express our care for Vietnam’s top sportsmen and demonstrate our commitment to Vietnam’s sporting future. We wish all of our Olympians great achievements at the London Games,” said CEO of Manulife Vietnam Chung Ba Phuong
Vietnam Sports Administration’s vice chairman Lam Quang Thanh said: “This sponsorship not only gives financial support to the athletes but also a source of motivation to them, helping them to be fully dedicated to the competition and bring glory to the country.”
Previously, Manulife Vietnam also funded the Vietnam’s sports delegation at the 2008 Olympics Games in Beijing.
Operating in Vietnam since June 1999, Manulife Vietnam - the first wholly foreign-owned life insurance company licensed in Vietnam - provides financial services to nearly 300,000 customers through a network of nearly 12,000 professionally qualified agents.
As the top player in the market, Manulife Vietnam offers a wide range of innovative insurance products which are supported by the most effective and value-added services on the market today.
Manulife Vietnam is always committed to supporting the communities, in which it conducts business in both educational and charitable activities, donating more than VND10 billion ($476,000) since 1999.
Some of the organisations and programmes getting the company donations include “For your future” scholarship, Terry Fox Foundation, Run for Children, Operation Smile, Saigon Children’s Charity, National Library for the Blind, the annual Manulife Care and Let’s Help Children Go To School programme and so on.