Lawrence S. Ting Fund Earmarks $1.5 mln for Education, Charity

The Lawrence S. Ting Memorial Fund and the Phu My Hung Joint-Venture Company held the 5th Lawrence S. Ting Scholarship awarding ceremony yesterday to disburse VND23.23 billion (nearly US$1.5 million) worth of scholarships and funds for 2008’s education and charity activities.

Lawrence S. Ting Memorial Fund donates nearly VND1 billion for construction of classrooms for 2 primary schools of Thai Binh Province in 2007

Of the number, VND1.1 billion worth of 320 scholarships was granted to 182 pupils from nine secondary schools and 138 students from nine universities nationwide.
The remaining charity education fund is to cover the second stage of the Ministry of Education and Training’s information technology program worth VND16 billion including the construction of clinic for a remote village in the southernmost province of Ca Mau and the Fund for The Poor in the Mekong Delta province of Tien Giang, each worth VND1 billion.
Other beneficiaries included the Ho Chi Minh City Association for Support of Poor Patients and the Child Protection Fund, each worth VND500 million, the HCMC Association for Protection of Disabled People and Orphan Children and the HCMC Fatherland Front Committee’s Fund for the Poor, each worth VND300 million.

In addition, the program has for the first time financed education promotion funds nationwide with over VND2.4 billion in an effort to increase scholarships for pupils and student.
The Lawrence S. Ting Memorial Fund was set up in 2005 to commemorate Lawrence S. Ting, late President of the Phu My Hung JV Co. and several other companies operating in Ho Chi Minh City.

The Phu My Hung Company, a joint urban development venture between Taiwan and Viet Nam, has donated VND33 billion ($2.06 million) to charity programs over its 13 years operating in Viet Nam.

By T.Tu – Translated by Yen Chuong

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