Today: 17/08/2022 02:34:56 (GMT+7)
THE CENTRAL AGENCY OF THE COMMUNIST PARTY OF VIETNAM BAC GIANG PROVINCE THE VOICE OF THE PARTY, GOVERNMENT AND PEOPLE OF BAC GIANG PROVINCE

Loan package under Resolution 68: Businesses pay off capital on time

(BGO) – Implementing Government’s Resolution No. 68/NQ-CP (Resolution 68) on a number of policies to support employees and employers facing difficulties due to the Covid-19 pandemic, many enterprises in Bac Giang province accessing to preferential bank loan have overcome the difficulties, stablized business and production activities. Some have gained highly increased revenue then positively contributed to state budget and paid off the loan capital.

Many businesses paid off preferential capital

In 2021, Covid-19 outbreak in many provinces and cities nationwide caused severe impacts on most of enterprises, even operational suspension for disease prevention and control, including a lot of companies in Bac Giang province.

Loan package, Resolution 68, pay off capital, on time, Bac Giang province, Covid-19 pandemic, support employees and employers,  preferential bank loan, business and production activities

Bac Giang BGG Garment Corporation Joint Stock Company is offered the loan package under Resolution 68 to recover the production and business.

To deal with the difficulties, the businesses were offered 7.5 trillion VND loan package to pay salary for severance and production recovery. The maximum loan is equal to the regional minimum wage in maximum of three months with zero interest. The loan period is under 12 months which requires no collateral assets.

Ha Bac Garment Export Joint Stock Company (Ha Bac Garment) (Viet Yen district) was one of the beneficiaries from the preferential loan package. Vice General Manager Nguyen Tuan Son said from August to October, 2021, Ha Bac Garment was disbursed 50 billion VND of preferential loan by Bac Giang branch of Social Policy Bank (SPB) to pay salary for more than 14,600 turns of workers.

Thanks to the loan package, the company prioritised capital to import more materials to accelerate production, helping earn revenue of over 1.3 trillion VND last year and over 700 billion VND in the first six months of this year, up dozens of billion VND year on year. The company contributed nearly 8 billion VND to the budget. With stable production and business, Ha Bac Garment has recently paid off the bank loan on time.

As of June 30, 2022, the province offered preferential loan for 91 employers to pay salary for nearly 143,000 turns of labours with total amount of nearly 485 billion VND. So far, 20 companies with due date have paid off the bank loan of over 134 billion VND as regulation.

Similarly, last year Bac Giang BGG Garment Corporation Joint Stock Company (Bac Giang city) was offered the preferential loan of 23 billion VND under Resolution 68 to pay salary for nearly 6,800 turns of workers. The loan helped company reduce capital pressure and quickly recover the production and business activities.

Many other companies accessing to preferential bank loan have returned the capital on time such as Bac Giang LGG Garment Corporation Joint Stock Company (Lang Giang) with 51 billion VND, Bac Giang LNG Garment Corporation Joint Stock Company (Luc Nam) with 18 billion VND, HAEM Vina Company Limited in Song Khe Noi Hoang industrial park with over 10.4 billion VND…

Promoting the effectiveness of loan capital

Bac Giang is now top leading provinces nationwide in disbursement result of the preferential loan per Resolution 68. Director of provincial SPB Ha Quoc Quan said as of June 30, 2022, the province offered preferential loan for 91 employers to pay salary for nearly 143,000 turns of labours with total amount of nearly 485 billion VND. So far, 20 companies with due date have paid off the bank loan of over 134 billion VND as regulation.

Loan package, Resolution 68, pay off capital, on time, Bac Giang province, Covid-19 pandemic, support employees and employers,  preferential bank loan, business and production activities

The officials at Bac Giang branch of Social Policy Bank disburse the loan capital for customers under Resolution 68.

Actual survey from the provincial SPB proved that after getting the bank loan, the businesses used the capital properly to promote the efficiency of business and production and stably maintain jobs for labours.

In the first half of this year, most of the enterprises earned growth rate of 10 – 20 percent against the same period last year. They also gained quick recovery and accelerated the business and production, hence positively increase the provincial industrial production value.

To achieve the above mentioned results, the provincial SPB actively consulted the provincial People’s Committee to issue several instructions to relevant departments, sectors, agencies about enhancing the communication and popularization of Resolution 68 to companies affected by the pandemic for the loan capital. Meanwhile, the provincial SPB quickly and effectively implemented the loan policies.

Also, the provincial PSB established Steering Committee about implementation the Resolution 68 to assign the task to each member so as to monitor and direct the transaction points in the districts and city toward effective execution.

Minh Linh
Protect workers from loan sharks: PM
Prime Minister Pham Minh Chinh has asked the central bank and the Public Security Ministry to protect workers from loan sharks.
 
Luc Ngan to ensure power supply and loans for lychee season
(BGO)- In order to meet the demands for lychee processing and consumption, Luc Ngan Electricity Branch (in northern province of Bac Giang) and commercial banks in the district have worked out production and business plans to prevent shortage, congestion and disruption of the supply chain of goods and necessary services.
 
Vietnam's VinFast seeks US government loans for expansion
The chairman of Vietnam’s Vingroup conglomerate said on Saturday that the company’s auto unit, VinFast, would seek financing from the U.S. government to support its expansion with a planned plant in North Carolina.
 
Nearly 6.4 million poor households provided with social policy loans
Nearly 6.4 million poor and near-poor households had access to loans from the Vietnam Bank for Social Policies (VBSP) as of December 31, 2021.
 
Over 107,000 customers offered policy credit loans with reduced interest
(BGO) - On November 26, 2021, the Prime Minister issued Decision No.1990/QD-TTg about reducing loan interest for policy credit programme at the Social Policy Bank (SPB) with validity from October 1 till the end of December 31, 2021. Accordingly, SPB reduces 10 percent of the interest comparing to the loan interest for policy credit programmes regulated by the Prime Minister.
 

Loan package, Resolution 68, pay off capital, on time, Bac Giang province, Covid-19 pandemic, support employees and employers, preferential bank loan, business and production activities
 
New comment has just been added. Click here
Sort:NewBest News