Vietnam: Small and medium-sized enterprises that employ many disabled people shall be eligible for concessional loans

15:50, 12/07/2015

Recently, the Government of Vietnam has officially issued Decree No. 61/2015/NĐ-CP on job creation policies and National Employment Fund.

ho tro cho vay voi DN vua va nho co SD lao dong khuyet tat, Nghi dinh 61/2015/NĐ-CP

Specifically, according to Article 23 of Decree No. 61/2015/NĐ-CP of Vietnam’s Government, entities prescribed in Clause 1 Article 12 of the Law on Employment of Vietnam, including small- and medium-sized enterprises, cooperatives, cooperative groups and business households, workers, shall be eligible for loans (hereinafter referred to as borrowers).

Notably, small and medium-sized enterprises, cooperatives, artels or business households (hereinafter referred to as business entities) that employ many disabled people or ethnics as prescribed in Point a Clause 2 Article 12 of the Law on Employment of Vietnam, in particular:

- The business entity employing many disabled employees means that the number of disabled employees accounts for at least 30% of the total number of employees;

- The business entity employing many ethnic employees means that the number of ethnic employees accounts for at least 30% of the total number of employees;

- The business entity employing many disabled and ethnic employees means that the number of disabled and ethnic employees accounts for at least 30% of the total number of employees.

Each borrower shall submit an application for loans to a branch/transaction office of the Vietnam Bank for Social Policies where the project is executed.

View details at Decree No. 61/2015/NĐ-CP of Vietnam’s Government, effective from September 01, 2015.

Thu Ba

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