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Under the partnership agreement, Shinhan Bank and Khoi Nguyen Educational Investment and Development JSC (KNE) will jointly provide parents with low-interest credit, increasing financial ownership in education investment for their children by advancing tuition fees.
The bank will issue credit cards with 0 percent instalment payments and payment terms from 6 to 9 months, supported by KNE. This enables parents of students enrolled in The Canadian International School System (CISS) to make annual tuition fee payments.
KNE is currently the owner of CISS, including Canadian International School (CIS), Bilingual Canadian International School (BCIS), Canadian-Vietnam Kindergarten (CVK), Albert Einstein School (AES) and E-Study Online Teaching School.
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Trinh Quang Dong (L) and Kang Gew Gon (R) sign the Agreement of Strategic Partnership. Photo by KNE. |
Shinhan Bank will also provide further utilities and exclusive offers to schools and entities in the KNE network, including payroll services, preferential personal loans to teachers, co-branded credit cards and debit cards.
Shinhan Bank also plans to grant credits to KNE and its network schools for further investments in facilities, educational equipment or developing new educational projects.
Meanwhile, KNE will support Shinhan Bank in promoting its "School Banking" tuition collection product, which enables tuition payment for the KNE schools network and Shinhan Bank's online payment website. This system instantly records and automatically tracks cash inflows.
"I believe KNE is the education pioneer that has contributed much to Vietnam with a long-term view of the future of their students. The strategic partnership agreement will
Trinh Quang Dong (L) and Kang Gew Gon (R) sign the agreement of strategic
partnership. Photo by KNE.
create a foundation for a close association and co-operation for sustainable development between Shinhan Bank and KNE", Kang Gew Gon, Deputy General Director of Shinhan Bank Vietnam, stated.
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Participants in the MOU signing ceremony. Photo by KNE. |
"With rich experience, great trust, dedication and quality services that are widely recognized in Vietnam, Shinhan Bank will become a long-term and popular partner of KNE’s educational community. This important movement in the partnership between the two sides will open up a new journey for further cooperation", said Trinh Quang Dong, CEO of Khoi Nguyen Education, owner of CISS.
The representatives of both parties also awarded one another the title of Honorary Members of each respected party. This action is to regconize the valuable contributions from the members of the Board of Directors from both parties and acts as a pledge to continue support towards mutual development in the future
