German consultant achieves highest award for foreigners in Vietnam

On the occasion of the 20th anniversary of TYM, Sparkassenstiftung’s partner institution in Vietnam, the Vietnamese president awarded the friendship medal to Mr. Jörg Teumer, Sparkassenstiftung’s resident long-term expert on site in Vietnam.

Just as Sparkassenstiftung, the microfinance organisation TYM, which was founded by the Vietnam Women’s Union, celebrates its 20th anniversary this year. TYM’s main objective is to improve the living conditions and status of women with low income by offering them savings and loan services. Thus, TYM creates favourable conditions to enable these women participate in economic activities. The organisation started off in 1992 with 20 members; now it is offering financial services to more than 80,000 members in 2,351 centres. In addition to savings and loan services, TYM offers microinsurance to protect its members against risks.

Sparkassenstiftung has been supporting TYM since 2005. In the meantime, TYM is one of the eight partner institutions of the regional project in Indochina and Myanmar.


Contact partners:

Mrs. Nicole Brand / Mrs. Christina Heuft
Sparkassenstiftung für internationale Kooperation
Simrockstraße 4
53113 Bonn, Germany

Phone: +49 228 9703-634/ -618
Fax: +49 228 9703-613

Deutsche Sparkassenstiftung für internationale Kooperation e.V.
Simrockstraße 4, 53113 Bonn

Phone: +49 228 9703-0
Fax: +49 228 9703-6613 or -6630

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