Charm VIT Group, led by Chairman Lee Dae-bong, delivered a 1 billion Vietnamese currency dong in scholarship to 100 children of Vietnamese patriotic martyrs recommended by the Vietnamese Ministry of Public Security at the Vietnamese Embassy in Korea (Ambassador Nguyen Vu Tung) on Oct. 19.
Nguyễn Ngọc, assistant minister of the Vietnamese Ministry of Public Security attended the event. This year marks the 15th year of the Charm VIT Group's overseas scholarship project, which started in 2007.
Charm VIT Group also decided to provide a total of 20 million won in scholarships to 10 Vietnamese university students studying in Korea, and 600 million dong in scholarship to 300 children of the poorest ethnic minorities in Hoa Binh, Vietnam.
Charm VIT Group has maintained a close relationship with the Vietnamese government.
In October 2019, for instance, the group received approval from the Vietnamese government to invest in a racetrack construction project.
It was the first time that a horse racing business has been approved in Vietnam, a socialist country. Charm VIT Group plans to invest $420 million on a total of 410,000 pyeong (125 ha) land near Hanoi International Airport in Hanoi to build an international standard racetrack that can accommodate 30,000 spectators.
Construction of the racetrack started early 2020 for opening at the end of 2021. In addition, as additional facilities, hotels, resort villas, shopping centers, and convention centers will be built by 2024.
Charm VIT Group, which operates city gas, leisure and logistics businesses in Korea, is operating a golf course in Hoa Binh, Vietnam, and a five-star 'Grand Plaza Hanoi Hotel' in Hanoi.
On June 18, 2018, Chairman Lee Dae-bong of Charm VIT Group also received a commendation from Vietnamese Prime Minister Nguyen Xuan Phuc. This is because the Grand Plaza Hanoi Hotel, which Chairman Lee runs in Hanoi, Vietnam, was selected as an excellent company for sustainable growth.
Grand Plaza Hanoi Hotel is the only Korean company among the eight excellent companies selected by the Vietnamese government this time.
Prime Minister Phuc presented the citations directly to the winners including Chairman Lee at the '2018 Vietnam Investment Cooperation Competition' held at the International Convention Center in Hanoi on the same day.
Charm VIT Group, which entered Vietnam in 2004, is operating the Grand Plaza Hanoi Hotel, a five-star hotel with 620 rooms, and an office building in Hanoi.
In addition, it is operating a 54-hole golf resort (Phoenix) in Hoa Binh Province, which is adjacent to Hanoi City.