(VOVworld) - The Vietnam Children Sponsor Fund and the Bao Viet Life Insurance Corporation signed a cooperation agreement in Hanoi on Tuesday to grant 1,200 bicycles to poor children to support them in pursuing education.

Representatives of Bao Viet Life Insurance and Vietnam Children Sponsor Fund at the signing ceremony in Hanoi on June 16th, 2015..

Deputy Minister of Labor, Invalids, and Social Affairs Dao Hong Lan said about 200,000 Vietnamese students quit school every year.

She noted one of the reasons is that they live too far away from school, with many having to walk up to 10 km or even further to reach their school.
After a decade of cooperation, via the Vietnam Children Sponsor Fund, the Bao Viet Company has granted nearly 9,000 scholarships and 12,000 gift packages worth nearly 325,000 USD to needy children across Vietnam.