Cong Ha sponsors a new financial welfare program for employees amidst the pandemic

HANOI, Vietnam – August 5th, 2021    

Cong Ha Group announced it would cover 100% of the transaction fees for all employees’ salary advances starting August 25th.  

Having acquired the “National Brand” certification in 2020, Cong Ha Group is one of the leading steel production and construction players in Vietnam. Since May 2021, Cong Ha has partnered with GIMO to launch a new financial welfare program for all employees.  

As Vietnam entered the fourth wave of the pandemic, Cong Ha’s Board of Directors was well aware of the greater financial burden their workforce is bearing and decided to sponsor 100% of the transaction fee for the advance on their employees’ earned wages.  

“We hope the modified earned wage access program by GIMO could support our employees during this challenging time. Even before the adjustment took place, the initiative has been well received and truly improved our employees’ life quality.” – said Mrs. Su Tran – Chief Financial Officer of Cong Ha

The pandemic has obstructed the lives of millions. Low and middle-income workers, especially those working in factories and industrial parks, are struggling the make ends meet. GIMO’s earned wage access platform is deemed a highly innovative solution to relieve those financial stresses.  

Mr. Anh Nguyen, Technical Engineer of Cong Ha, shared his thoughts: “Blue-collar workers like me can only count on getting paid at the end of the month to cover expenses. However, unexpected expenses sometimes incur, and we do not always have the means to take care of them right away. That’s why I think this initiative could help me feel more financially secure and stay more focused at work.” 

“I highly appreciate this initiative from the Board of Directors” – Ms. Tam Nguyen shares her perspective as a team member of the HR department. “Us employees can now proactively get paid whenever we need in times of emergencies especially during this pandemic when personal and family finance is a constant worry for us all. ”  

In the fight against coronavirus, the well-being of employees remains Cong Ha’s top priority. The Board of Directors has accordingly taken a prompt and proper measure to safeguard its workforce’s wellness and sustain business operations.  

 

About Cong Ha   

Cong Ha Group is a major player in the Vietnamese manufacturing and construction domain. The company strives to constantly innovate and develop its capabilities to provide consumers with the most efficient solutions. Cong Ha’s reputation has evolved through time as a result of strategic vision from a group of strong-willed and forward-looking leaders. 

About GIMO  

GIMO is one of the pioneers to provide Earned Wage Access solutions to Vietnamese enterprises and workers. With two-thirds of Vietnam’s working population having no or limited access to the formal lending system, we see an opportunity to make a difference. 

Ba Sao x GIMO: The Dynamic Duo Together Powering Employees’ Financial Stability

HANOI, Vietnam – August 5th, 2021  

On August 5th, 2021, in partnership with GIMO, Ba Sao – one of the pioneers in catering services with over 14 years of experience- had successfully launched the new financial welfare program. The virtual event took place with the participation of nearly 60 people, including representatives from Ba Sao’s Board of Directors (BOD) and representatives from GIMO. With this new financial welfare program, Ba Sao’s employees can now receive their earned wage before payday, conveniently and quickly, via GIMO’s mobile app whenever they need.   

“We are constantly looking for a new welfare program to upgrade our current employees’ benefits. In collaboration with GIMO, Ba Sao’s Management Board wishes to accompany our employees when it comes to financial difficulties, together with building a healthy and stress-free workplace.”, said Mr. Bach Nguyen – Head of Internal Control Department at Ba Sao.    

“The pandemic continues, causing many disturbances to our lives. GIMO and Ba Sao’s Board of Directors want to minimize as much as possible the negative impacts affecting everyone’s lives during this tough time. We sincerely hope that the new financial welfare program will be of much help to you all.”, said Mr. Ngoc Nguyen – Co-founder and Chief Product Officer of GIMO.  

During the event, the attendees had the opportunity to participate in multiple q&a sessions, learn more about how to manage personal finance effectively, and share their expectations for the new program. They also had a chance to experience first-hand GIMO App and together share their experiences.   

“I am one of the first to experience GIMO App. I am pleasantly surprised by how convenient and practical the app is. It’s great that now I will be able to advance my payment without any paperwork “, said Ms. My – one of Ba Sao’s employees.   

For the past year, COVID has been heavily disruptive towards Vietnamese businesses. To cope with the situation and getting on with the new normal, Ba Sao strives to streamline its business process while also enhance the welfare of its most important stakeholders. GIMO’s tech-based solution is an efficient tool in times of financial emergency, helping Ba Sao to take better care of its employees and, in turn, increase its employee’s engagement.  

About Ba Sao   

Founded in January 2005, after more than ten years of establishment and development, TRISTAR now has 03 affiliated member organizations: Ba Sao, Trong Dong, and F&B. Ba Sao has been increasingly asserted its name as one of the leading industrial catering companies in the Northern region, with a staff community of 2,000 employees. Ba Sao is proud to be a reliable partner providing more than 200,000 meals daily to large corporations such as Honda, Yamaha, Panasonic, Hoya, Samsung, LG, …. from countries such as Japan, Europe, Korea, …

Learn more about Ba Sao company here.

About GIMO    

GIMO is one of the pioneers to provide Earned Wage Access solutions to Vietnamese enterprises and workers. With two-thirds of Vietnam’s working population having no or limited access to the formal lending system, we see an opportunity to make a difference. 

 

 

Contact Information 

Hotline: 1900 232 360  

Email: marketing@gimo.vn 

GIMO x Mobicast: Enhancing Employees’ Welfare With An On-demand Payment Platform

“As the BOD of Mobicast, we believe that it is necessary to constantly explore new ways to enhance employee’s engagement and welfare. At first, the BOD was not yet able to evaluate the benefits of the program. However, we have been successfully persuaded with the positive feedbacks from our own employees, proving to us just how useful the program can be.”

Ms. Tran Thuy Duong, HR Manager of Mobicast

Introduction

Keeping employees’ best interests at heart, the human resource management team at Mobicast constantly pushes themselves, looking for ways to ensure and enhance employees’ welfare. However, due to the lack of options, they have yet to find the most suitable and optimal solution until GIMO came into the picture. Starting from 2020, Mobicast collaborated with GIMO to adopt our on-demand payment platform as a new financial benefit for all employees. 

The Challenge

In Vietnam, EWA (Earned Wage Access) remains a relatively foreign concept. Not many companies have had the chance to study and try for themselves, Mobicast included. At the beginning stages of implementation, Mobicast’s board of directors cannot accurately evaluate the benefits of this new program. Not only so, implementing such a new tech-based program can be timely and costly to the human resource department. 

Our Practice

GIMO organized a launching event for all of Mobicast’s employees to equip them with the necessary information about GIMO and our platform. After the launch, GIMO also prepares a condensed questionnaire to survey the employees’ experience with our mobile app and their purpose of usage. We also collected the testimonials of the human resource management team members. 

Key Takeaways

69% of the respondents used GIMO for emergent payment. This was concluded to be the most popular reason among the respondents. Aside from that, 38% uses GIMO to pay off their credit card, and 31% uses GIMO to make personal investments. It is safe to say that most respondents have financial burdens in their daily lives that need to be taken care of with urgent cash payments. 

On average, each of the respondents makes four payment requests every month on GIMO’s platform. Since provided with GIMO’s platform, the majority of the respondents seem to have used it regularly. All of the respondents have agreed that GIMO had indeed relieved some of their financial burdens. 

100% of the respondents had a pleasant experience using GIMO’s platform. The majority find that the app is easy to use, and the request is processed relatively quickly. Additionally, the overall rating for the app is now at 4.31 on a scale of one to five, showing that the respondent has little to no trouble accessing their earned wage every month through GIMO’s app. Ms. Dung, one of Mobicast’s employees who have been using GIMO for the past six months, stated that GIMO has helped with her finances quickly and conveniently. Thoroughly enjoying her experience, she has also recommended GIMO to her friends and colleagues, giving highly positive feedback. 

GIMO’s survey has proven that when employees can proactively access their earned salary, their lives seem to have significant improvement. The financial burden is an issue for every working human being, and GIMO’s solution can help with just that. Not only are we giving employees rightful access to their earnings but also bettering their personal financial management. 


About Mobicast

Mobicast is a Vietnam-based start-up in the field of MVNO. The Mobicast team focuses on developing telecommunication solutions and useful technologies for users towards a user-friendly experience and optimal performance with a customer-centric orientation. 

 

About GIMO

GIMO is one of the pioneers to provide Earned Wage Access solutions to Vietnamese enterprises and workers. With two-thirds of Vietnam’s working population having no or limited access to the formal lending system, we see an opportunity to make a difference. GIMO has been serving more than 6,000 workers from nearly 20 partnered businesses to access their earned wages.