ACE Insurance Limited Company (ACE Life) on Monday cut the ribbon on Xuan Lam Primary school in the central province of Phu Yen after six months of construction.
The insurance company said it donated VND1.2 billion to develop the primary school in a mountainous area of Xuan Lam hamlet in Song Cau town in Phu Yen Province.
The original school had been completely destroyed during a hurricane last year so ACE Life decided to rebuild it.
The new building has six rooms, of which five are classrooms and one office. It has two floors, offering local pupils a safe facility for learning.
The insurance company, at the opening ceremony, presented the school with extra equipment such as drums, book shelves and concrete benches.
“Primary schools are very important since they provide the first education foundation for children, and we are happy to take part in the social cause to enable more children in disadvantaged localities to go to school,” Lam Hai Tuan, chief executive officer of ACE Life Vietnam said.
He said there was a demand for good schools for young children at many places around the country as many had fallen into disrepair or been destroyed by floods or storms.
The money to build the school came from a special “Crossing Wave Fund”, part of which was contributed by staff and agents of ACE Life nationwide. Under the framework of the fund, the company has offered a total of 1,144 scholarships to needy students in many universities of Vietnam.
From 2010 onwards, besides the scholarships, ACE Life plans to use a large part of the fund to support the building or renovation of schools in poor provinces.
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