HO CHI MINH CITY, July 29, 2022. GIMO and the Trade Unions of Ho Chi Minh City’s Industrial and Export Processing Zones signed a partnership agreement to uplift workers’ financial lives.
The signing took place during the 93rd Founding Anniversary Ceremony of The Vietnam General Confederation of Labour (July 28, 1929 – July 28, 2022) hosted by the Trade Unions. Signing on behalf of each party was Ms. Van Vu – President of the Trade Unions of Ho Chi Minh City’s Industrial and Export Processing Zones, and Mr. Quan Nguyen – Cofounder/CEO of GIMO.
The area of cooperation agreed between the two parties centers on elevating the local workforce’s wellbeing. GIMO is committed to increasing local workers’ access to a reliable and affordable digital financial solution, that is, on-demand pay, while actively engaging in welfare activities.
The Trade Unions currently represent 110,000 workers from the Linh Trung I, II; Binh Chieu, Cat Lai, and Saigon Hi-tech Industrial Parks. The agreement would lay a strong foundation for a more financially resilient employee force.
As part of the ceremony, GIMO also awarded 10 Nguyen Duc Canh scholarships to students whose families experienced financial hardship due to COVID-19.
In recent years, the union members have been encouraged and assisted by the welfare programs of the Trade Unions of Ho Chi Minh City’s Industrial and Export Processing Zones to settle their lives.
In recent years, thanks to the welfare programs initiated by Ho Chi Minh’s Federation of Industrial and Export Processing Zones, local workers now have more timely support and better focus at work.
Social Impact Fintech GIMO Raises US$17.1M To Fuel Expansion And Bridge Financial Inclusion Gap In Vietnam
- 24 Jul, 2023
- Featured Blog
Hanoi, Vietnam, July 24, 2023 GIMO, a Vietnam-based startup providing flexible pay and financial well-being solutions for underbanked workers, announces the completion of Series A funding round with total capital raise of up to US$17.1 million. The final closing, comprised of a mixture of equity and debt financing, came only five months after the company […]
- 14 Feb, 2023
Hanoi, Vietnam – Vietnam’s fintech start-up GIMO today has announced the first close of its Series A funding with a US$5.1 million investment led by TNB Aura. Other investment firms joining the round are returning investors including Integra Partners, Resolution Ventures, Blauwpark Partners, ThinkZone Ventures, and Y Combinator. GIMO’s latest financing follows a year of […]
- 16 Jan, 2023
Unscrupulous lenders could try to cash in on the upcoming Lunar New Year holiday as blue-collar workers cope with the festive spending. Predatory lenders prey on blue-collar workers as the Lunar New Year approaches The 2022 survey of the Vietnam General Confederation of Labor revealed nearly 59% of workers had no savings, 38% were in […]
Stay in the know