This is the key content of Decision 15/2020/QD-TTg stipulating the implementation of policies to support people facing difficulties due to the Covid-19 pandemic, issued by the Prime Minister on April 09, 2020.
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To be specific, employers facing financial difficulties who have already paid at least 50% of the stoppage wages to employees as per Clause 3, Article 98 of the Labor Code during the period from April to June 2020 are eligible for a non-collateral loan of up to 50% of the regional minimum wage for each employee based on the actual wage payment period. However, the loan period should not exceed 3 months, the interest rate will be 0%, and the maximum repayment period will be 12 months, provided by the Bank for Social Policies to cover the remaining wages and disburse directly monthly to the employees who were laid off. Detailed loan conditions are stipulated as follows:
Excerpt from Decision 15/2020/QD-TTg
For detailed documentation, procedure, and processes for enterprises to apply for loans to pay stoppage wages to employees, see Articles 14, and 15 of Decision 15/2020/QD-TTg.
In addition, individual business households with taxable revenue under 100 million VND/year that temporary ceased business operations as of April 1, 2020, are eligible for a support amount of 1,000,000 VND/household/month, provided monthly depending on the actual situation of the epidemic but not exceeding 3 months.
Refer to other support measures for unemployed individuals who do not qualify for unemployment benefits, freelancers; people with meritorious service to the revolution; social protection beneficiaries; poor households, near-poor households; etc., in Decision 15/2020/QD-TTg effective from April 24, 2020.
Hai Thanh
