Definition

1. Noun:
   • A rotating savings and credit association (ROSCA): A traditional form of informal financial cooperation where a group of people contribute a fixed amount of money regularly into a common fund, which is then given in whole to each member in turn, often determined by lot or bidding.
   • A mutual aid society or credit circle: A social and financial arrangement based on trust, common in Vietnamese communities, used for saving money and accessing lump sums.

Usage Examples

• Noun:
  • Mẹ tôi tham gia một hụi hàng tháng để tiết kiệm tiền. (My mother joins a monthly hụi to save money.)
  • Anh ấy đã nhận được phần hụi của mình để mua xe máy. (He received his hụi payout to buy a motorbike.)

Advanced Usage

• "Góp hụi": to contribute money to the fund.
  • Các thành viên góp hụi vào đầu mỗi tháng. (Members contribute to the hụi at the beginning of each month.)
• "Chủ hụi": the organizer or manager of the .
  • Chủ hụi có trách nhiệm thu tiền và phân phát cho các thành viên. (The hụi organizer is responsible for collecting money and distributing it to members.)
• "Hụi hụt": This is a reduplicative form, often describing something that is incomplete, missing, or falling short, and is a distinct word from the financial term "hụi".
  • Công việc làm hụi hụt, không đúng kế hoạch. (The work was done incompletely, not according to plan.)

Variants and Related Words

• Họ: A more common Northern Vietnamese term with the same meaning as (common in the South).
  • Họ and hụi are regional synonyms for the same financial practice.
• Phường: Another less common historical term for a similar mutual aid society.

Synonyms

• Rotating savings and credit association (ROSCA): The formal English economic term.
• Savings circle / Credit circle: Descriptive English terms.

Related Phrases

• "Bốc hụi" / "Rút hụi": to receive one's turn in getting the pooled fund.
  • Lần này đến lượt chị Lan bốc hụi. (This time, it's Ms. Lan's turn to receive the hụi fund.)
• "Đóng hụi": synonymous with "góp hụi" (to pay into the ).
  • Mọi người đều phải đóng hụi đúng hẹn. (Everyone must pay into the hụi on time.)

Related Idioms

• "Chơi hụi": to participate in a . This phrase emphasizes the social and cooperative aspect, not just the financial transaction.
  • Các bà trong xóm thích chơi hụi với nhau. (The women in the neighborhood like to participate in hụi together.)