The scholarships are part of an aid package of VND8.74 billion which was presented on the same day by the fund and the Phu My Hung Joint Venture Company.

Apart from the scholarships, the fund granted over VND 5 billion to a series of charitable organisations in Vietnam for their operations in 2010.

On this occasion, the Cathay United Bank, through the fund, provided scholarships worth VND 600 million to pupils who have made efforts to overcome difficult conditions, in Ho Chi Minh City and the central province of Quang Nam.

The Lawrence S.Ting has now handed out over 27,000 scholarships to outstanding students, especially those facing difficulties and poverty in remote areas nationwide.