Di An City to disburse preferential loans for enterprises to overcome effects of Covid-19

Phuong Minh Hien Footwear Company in Di An ward (Di An City) has signed a credit contract with municipal Social Policy Bank to disburse loans for employment termination payment under Decision No. 32 dated 19 Oct 2020 of the Government on implementing policies to support people facing difficulties due to the Covid-19 pandemic. This was the first unit in the city to receive disbursement of preferential loans for businesses to overcome consequences caused by the Covid-19.

Specifically, enterprises are entitled to loans for employment suspending payment to 17 employees due to the impact of Covid-19 for a period of 3 months with a total loan amount of VND 112 million. In the first year, enterprises were supported with 0% interest rate, interest rate is afterwards calculated at 12% per year.

Reported by My Phan - Translated by Ngoc Huynh