212 billion VND loan for salary in production recovery and severance

Update: 15:40 | 28/09/2021

(BGO) – Implementing Government’s Resolution No.68 on July 1, 2021 and PM’s Decision No.23 on July 7, 2021 about implementation of policies to support employers and employees affected by Covid-19 pandemic, so far the Bac Giang branch of Social Policy Bank has disbursed nearly 212 billion VND (9.3 million USD) as the loan for 64 businesses.

These above mentioned companies used the bank loan to pay salary for production recovery due to suspension period as well as severance pay due to impact of Covid-19 pandemic. Nearly 62,000 labours of these businesses benefited from the loan capital.

212 billion VND loan, paying salary, production recovery, severance pay, Covid-19 impact, Bac Giang province, preferential loan

LGG (Lang Giang) Garment Coporation Joint Stock Company is offered a preferential loan with zero interest to pay salary for labour.

Accordingly, the employers are offered the preferential loan in maximum 11 months with zero interest.

The enterprises with big loan were in Viet Yen, Lang Giang and Luc Nam districts. Bac Giang has been the top leading provincies in capital disbursement result per Resolution No.68 across the nation.

Minh Linh
Preferential loan benefits 7,700 customers affected by Covid-19 pandemic
(BGO) – According to the Bac Giang branch of the State Bank, amid the difficulties due to Covid-19 pandemic, all branches of commercial banks in Bac Giang province disbursed more than 3.5 trillion VND (153.6 million USD) as the loan for customers, making up total loan balance to over 64 trillion VND in the province.
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