More than 800 female workers in informal sector get financial support

This is a part of supporting activities from the partnership between Mastercard and CARE International in Vietnam to support local women. Each woman has received up to 3 million VND (around USD 130) via direct bank transfer. The support amount differs, depending on individual circumstances and financial damage caused by the Covid-19 outbreak.

The cash transfer symbolic ceremony took place in Hanoi with the participation of representatives of the recipients, JupViec.vn and CARE International in Vietnam

"These women working in the informal sector are amongst most vulnerable populations and most affected by the pandemic. During this time of uncertainties, the economic crisis caused by the outbreak may hit harder than the coronavirus itself, that protecting and supporting the people have never been more critical. Our end goal is to empower and help them to overcome this difficult time. We hope that by assisting in this way, the recipients can be more proactive and flexible in deciding their usage, spending the money according to their situation and priority", said Le Kim Dung, Country Director, CARE International in Vietnam.

“In our case, there has been a significant decline in the number of orders on our platform in comparison to the same period last year and our working partners have also witnessed a drop in their earnings consequently”, said Mr. Phan Hong Minh, Director, JupViec.vn.

A quick survey conducted by CARE International in Vietnam and JupViec.vn shows that the majority of women who have received the emergency support this time will use the money to cover their costs of living, pay overdue house rents, buy medicine, clear their debts, or pay tuition fees for their children. For part-time house cleaners who also have other side jobs such as online food shop owners, tailors, manicurist, waste collectors, etc., this money is also used to invest in their small businesses. For those who work full-time as house cleaners at JupViec.vn, they intend to use the money to buy more cleaning equipment as well as to cover the cost of transportation, phone bills, and data usage when using the app for their work.

Winnie Wong, Country Manager of Mastercard shared: “Mastercard highly appreciates the National Steering Committees’ preventive efforts against the pandemic, making Vietnam one of the first few countries to open up, and the first in Southeast Asia to move forward to post Covid-19. To drive a robust recovery and financial inclusion, there is a need to include all participants of the economy and leave no one behind. That’s why Mastercard has joined this collaboration to provide financial support to women who are engaged in lower economic activities in informal employment and falling behind in terms of social security and economic stability. Mastercard hopes that the financial support, as part of the ongoing partnership with CARE International in Vietnam, will help these women improve their life conditions, recover from temporary financial hardships, and provide a safe return for them to work after the pandemic”.

The activity demonstrates Mastercard and CARE’s commitment to contribute to the overall effort of Vietnam in driving a strong economic recovery. Besides, the two partners are also working in larger efforts to ignite the potential of Vietnam’s women community that plays a vital role in promoting economic growth and reducing income inequality and poverty in the national economy.