315 billion VND loan for post Covid-19 production recovery paid off on time

(BGO) – Implementing Government’s Resolution No.68.NQ-CP on July 1, 2021 about policy to support employers and employees affected by Covid-19 pandemic, as of this August, the Bac Giang branch of Social Policy Bank disbursed loan for 91 businesses totally worth about 485 billion VND (20.6 million USD), including 16 foreign direct investment companies.

After getting the loan, the employers paid salary for nearly 143,000 turns of labours. 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.

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

So far, 57 out of loan borrowers have stabilized the production with increase revenue to ensure living condition for labours and pay off the capital for the bank on time with total amount of nearly 315 billion VND.

Typical businesses are Bac Giang BGG Garment Corporation Joint Stock Company (Bac Giang city), Bac Giang LGG Garment Corporation Joint Stock Company (Lang Giang district) and HAEM Vina Company Limited in Song Khe – Noi Hoang industrial park among others.

Thus, only 34 business clients in Bac Giang province have had undue debts with total value of over 169 billion VND.

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