Second aid package for those hit by COVID-19 proposed

The Ministry of Labour, Invalids and Social Affairs said on August 25 that it has sent a proposal to the Ministry of Planning and Investment seeking the second aid package for businesses and workers affected by the COVID-19 pandemic.
TIN LIÊN QUAN
Ambassador Tran Ngoc An: UK businesses seek cooperation opportunities in Vietnam
Nearly 100,000 people claim unemployment benefits each month
4232-nhantrocaphaothanglanzenvthumbggeg-wgiv
Residents receive the aid. (Photo: PLO)

The package's total funding is estimated at 18.6 trillion VND (808 million USD), which will be used to offer preferential loans to employers to develop production and trade, and generate more jobs, and give direct aid to affected workers.

Beneficiaries will include small and medium-sized enterprises, cooperatives, cooperative groups, business households, with priority given to micro and small-sized enterprises, cooperatives, business households and laborers in rural areas.

In accordance with the Government’s Decree No.74/2019/ND-CP, businesses will be eligible for a maximum loan of 2 billion VND and laborers with 100 million VND. For new loans from September 1, 2020, till September 1, 2021, annual interest rates will stand at 3.96 percent, or half of those for near-poor households. The total loans will be worth 15 trillion VND.

The remaining 3.6 trillion VND will be used to offer allowances to those who become jobless and have children aged below six. Each will be entitled to 1 million VND per month for a maximum duration of three months, applicable from September to December.

About the first aid package worth 62 trillion VND, localities approved a list of nearly 16 million beneficiaries with total funding of more than 17.5 trillion VND as of late July.

The State Treasury disbursed about 12 trillion VND to support nearly 12 million people and 13,000 business households across the country.

COVID-19 hits remittances to Vietnam: Experts

COVID-19 hits remittances to Vietnam: Experts

Overseas remittances are expected to fall short of the target this year due to the economic crisis caused by the COVID-19 pandemic and shutdowns around ...

Vietnam chairs dialogue between ASEAN, President-elect of UN General Assembly

Vietnam chairs dialogue between ASEAN, President-elect of UN General Assembly

The event aimed to discuss priorities of the President of the 75th UN General Assembly and measures to strengthen cooperation between the Association of Southeast ...

Vietnam calls for sanctions lifted, humanitarian aid amid COVID-19 pandemic

Vietnam calls for sanctions lifted, humanitarian aid amid COVID-19 pandemic

Deputy Prime Minister and Foreign Minister Pham Binh Minh has called for the lifting of sanctions and creating favorable conditions for humanitarian aid in the ...

(Source: VNA)