(HBO) - Complicated developments of the COVID-19 pandemic have posed challenges for many enterprises and many workers have lost their jobs. Therefore, the issuance of Resolution No. 68/NQ-CP, dated July 1, 2021, of the Government and Decision No. 23/2021/QD-TTg, dated July 7, 2021 of the Prime Minister are considered as a "life vest" to help businesses and employees overcome a difficult period.


Staff of the Vietnam Bank for Social Policies’ branch in Hoa Binh province visit businesses to grasp their needs and provide guidance on how to conduct procedures for accessing loans.

According to the Vietnam Bank for Social Policies' branch in Hoa Binh province, three enterprises have loans disbursed to pay the salary for employees who had to stop working in line with the Government's Resolution 68 and Decision 23 of the Prime Minister.

Due to the impacts of the pandemic,Corporation IBB joint Stock Company, which produces and distributes soft drinks and beer, has to suspend production and business activities.

Nguyen Ngoc Quan, deputy director of the company, said although it temporarily suspended operations, the company still has to pay salaries and social insurance contributions for a number of key employees. Thus, it has faced many difficulties in the past time.

Upon being informed and guided by the Vietnam Bank for Social Policies, the company has applied for a loan. Thanks to its timely disbursement, the company was able to overcome difficulties.

"Through the Vietnam Bank for Social Policies’ branch in Hoa Binh province, we were able to quickly access the loan package under Resolution 68. This is like a "life vest" for businesses in difficult times," Quan said.

Not only businesses have difficulties, but the non-public education system has also born the brunt of the COVID-19 pandemic over the past two years.

 

Da Hop kindergarten and primary school under Da Hop Education System joint Stock Company is an example.

The school has had to stop operations twice since the beginning of this year. It means that there was no revenue so the school has a lot of difficulties in paying teachers' salaries. The company received support from the branch’s credit officer with the completion of the procedures and documents to access capital quickly. Accordingly, more than 470 million VND was disbursed to help the company pay salaries for over 140 workers.

Dang Duc Hanh, deputy director of the Vietnam Bank for Social Policies' branch in Hoa Binh province, said there are 3,015 enterprises in the province, with over 72,000 employees. Of which, nine enterprises have stopped operation, 75 enterprises have workers that have to stopped working, and 12 enterprises engaged in the fields of transport, tourism, accommodation services, sending Vietnamese workers to work abroad.

Up to now, the branch has received 10 dossiers from businesses wishing to borrow capital, of which three businesses have loans been disbursed according to Resolution 68 and Decision 23.

 


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