Vietnamese govt rolls out interest-free loans for companies to pay salaries | Malay Mail

HO CHI MIN CITY, July 21 — The Vietnam Bank for Social Policies has begun accepting applications from businesses for interest-free loans to fund furlough and salary payments, Vietnam news agency quoting its deputy director Bui Van Son has said.

Businesses can obtain a loan to pay workers who have contracts with compulsory social security but are furloughed for 15 consecutive days between May 1, 2021 and March 31 next year. Dr Vo Tri Thanh, a member of the National Financial and Monetary Policy Advisory Council, said the 26 trillion Vietnamese dong package would help businesses that retain their staff or want them to return to work after the pandemic.

There could be policies to force businesses to prioritise repayment of this loan before others, and businesses with debts overdue for 90-180 days could be given the loan, he added.

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