Lending employers loans to pay salaries

Wednesday, 21/07/2021, 11:47 [GMT+7]

Lending employers loans to pay salaries

Khanh Hoa Provincial People's Committee has recently issued a document directing the provincial departments; sectors; organizations; people's committees of districts, towns, and cities; and business associations to implement policies to support employers to borrow loans to pay job stoppage wages and production recovery wages under the Government's Resolution No. 68 and the Prime Minister’s Decision No. 23.
 
Accordingly, the provincial People's Committee requested the State Bank - Khanh Hoa Branch to direct Vietnam Bank for Social Policies (VBSP) - Khanh Hoa Branch to implement policies to support employers in a timely manner in accordance with regulations. The State Bank - Khanh Hoa Branch was also requested to monitor, inspect and supervise the lending of VBSP - Khanh Hoa Branch to ensure the compliance with regulations.
 
The provincial departments of Labor, Invalids and Social Affairs; Industry and Trade; Transport; Culture and Sports; and Tourism are responsible for cooperating, supporting and creating conditions for VBSP - Khanh Hoa Branch to provide timely loans and information to businesses and employers eligible for the loans. The Management Board of Van Phong Economic Zone and provincial business associations inform businesses and employers about the information.
 
H.Dung
Translated by H.N