As many as 10 businesses have registered for membership of the Vietnam football sponsorship council, which will be established by Vietnam Professional Football (VPF) soon.
VPF Chairman Vo Quoc Thang said on April 25 that the ten sponsors include the Bank for Investment and Development of Vietnam (BIDV), the Military Telecommunications Group (Viettel), Vinamilk Corporation, Petrovietnam Fertilizer and Chemical Corporation (Phu My Fertilizer), Hoang Anh Gia Lai Group, Vietnam Technological and Commercial Joint Stock Bank (Techcombank), Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank), Viet Capital Bank, Asia Commercial Bank (ACB), and Vietnam Prosperity Joint Stock Commercial Bank (VPbank). These businesses achieve a profit of over VND1 trillion/year.
For the first half of this year’s football season, each sponsor is committed to granting VND5 billion. The figure will reach VND7.5 billion in 2013 and VND10 billion in 2014. With such a huge amount of funding, the national football squad can operate without financial support from the State budget, Mr Thang said.