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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
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Ho Chi Minh City
Wednesday, February 26, 2025

Government allocates VND15.5 trillion for job creation

The Saigon Times

Must read

HCMC – The Government has approved the allocation of VND15.5 trillion to support lending aimed at job creation and preserving existing employment opportunities.

This funding will be redirected from four underutilized preferential lending programs administered through the Vietnam Bank for Social Policies.

The beneficiaries of this initiative include individuals and enterprises, such as citizens, workers affected by business disruptions, cooperatives, household businesses, and sectors crucial for economic recovery and development.

This decision was made in accordance with Resolution 181, which adjusts the capital allocation to implement preferential lending policies through the Vietnam Bank for Social Policies in line with the National Assembly’s Resolution 43.

Resolution 43 outlines fiscal and monetary policies to support programs until December 31, 2023, with a total cap of VND38.4 trillion.

According to the Vietnam Bank for Social Policies, the banking system had disbursed over VND19 trillion to approximately 351,000 borrowers by the end of June 2023, up by a significant VND3 trillion compared to the first half of 2022.

Since the beginning of 2022, the bank has disbursed a total of VND139 trillion under the aid package that offers an interest rate discount of two percentage points.

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