August 11, 2003
New York Life Awards VND 800 Million to Vietnam Family Medicine Development
Gary Benanav, Chairman and CEO of New York Life International, presented the donation at a ceremony to Dr. Le Van Khang, Vice Rector of Hanoi Medical University.
"We are very pleased to have this opportunity to partner with the Hanoi Medical University and the People's Committee of the Ba Vi district and to work together to improve the lives of families and children in Vietnam," said Mr. Benanav. "As a leading global life insurance company, New York Life is passionate about its commitment to the development and prosperity of families here in Vietnam and around the world."
Mr. Benanav is visiting Vietnam to participate in the seminar, "Vietnam's Accession to the WTO: Strategies for Negotiations and the Implementation Process". The two-day seminar is sponsored by New York Life International and hosted by the Ministry of Trade of the Socialist Republic of Vietnam in collaboration with the U.S.-Vietnam Trade Council.
"On behalf of the Vietnam Family Medicine Development Project, I would like to express our sincere thanks to New York Life International for their generous support. The donation is very critical to the application of family medicine in our community and New York Life has set a commendable example for the involvement of corporations and organizations in the development of family medicine in Vietnam," said Dr. Le Van Khang.
The goal of the Vietnam Family Medical Project is to improve the health of the local population, particularly of the local children through reforming the training of primary health care physicians by developing, implementing and evaluating an educational network for family medicine training. The donation from New York Life International partially funds the application phase of the project, as well as helps to upgrade the facilities at all communal health centers within the Ba Vi district.
Though not yet having business operations in Vietnam, New York Life International actively sponsors community programs and projects that benefit children. In 2001, New York Life International sponsored the construction of the Safety Village in the Thong Nhat Park (Hanoi), a project that aims to create a playground for children while educating them on traffic safety.
"Vietnam has taken remarkable steps in the development of its economy, its infrastructure and, most importantly, the health and well-being of its people. New York Life is very proud to support this noble project. This is an exciting time for Vietnam and the Vietnamese people and New York Life looks forward to becoming an active -- and caring -- participant in Vietnam's vibrant business community," concluded Mr. Benanav.
About Vietnam Family Medicine Development Project
The first phase of the project was initiated in 1997. As a result of a 2001
needs assessment and planning phase, the specialty of Family Medicine was
created by the Ministry of Health and an educational training network was set up
in the three medical schools of Hanoi, Ho Chi Minh City, and Thai Nguyen. That
same year, the next phase of the project for implementation of the training
network began, creating the First Degree Specialists training programs, which
are of two years duration. The three medical schools began the training of these
primary health care specialists in late 2002. The final evaluation and
application phase of the project would allow the project team to study the
impact of a Family Medicine primary health care delivery model on the economic
and health indicators in Vietnam.
New York Life International offers insurance products through its subsidiaries and affiliates in Hong Kong, India, Mexico, the Philippines, South Korea, Taiwan, Thailand, Argentina, and China. The company maintains a representative office in Hanoi, Vietnam.
New York Life Insurance Company, a Fortune 100 company, is the largest mutual life insurance company in the United States and one of the largest life insurers in the world. Founded in 1845 and headquartered in New York City, New York Life and its affiliates offer life insurance, annuities and long-term care insurance. New York Life Investment Management, LLC, a New York Life affiliate, provides institutional asset management, retirement plan and trust services. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.
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