Second aid package for those hit by COVID-19 proposed
The Ministry of Labour, Invalids and Social Affairs said on August 25 that it has sent a proposal to the Ministry of Planning and Investment seeking the second aid package for businesses and workers affected by the COVID-19 pandemic.
Hanoi (VNA)🧔 – The Ministry of Labour, Invalids andSocial Affairs said on August 25 that it has sent a proposal to the Ministry ofPlanning and Investment seeking the second aid package for businesses andworkers affected by the COVID-19 pandemic.
The package's total funding is estimated at 18.6trillion VND (808 million USD), which will be used to offer preferential loansto employers to develop production and trade, and generate morejobs, and give direct aid to affected workers.
Beneficiaries will include small andmedium-sized enterprises, cooperatives, cooperative groups, business households, with prioritygiven to micro and small-sized enterprises, cooperatives, business households and labourers in rural areas.
🅷 In accordance with the Government’s Decree No.74/2019/ND-CP,businesses will be eligible for a maximum loan of 2 billion VND and labourerswith 100 million VND. For new loans from September 1, 2020 till September 1,2021, annual interest rates will stand at 3.96 percent, or half of those fornear-poor households. The total loans will be worth 15 trillion VND.
The remaining 3.6trillion VND will be used to offer allowances to those who become jobless andhave children aged below six. Each will be entitled to 1 million VND per monthfor a maximum duration of three months, applicable from September to December. About the first aid package worth62 trillion VND, localities approved a list of nearly 16 million beneficiarieswith a total funding of more than 17.5 trillion VND as of late July. The State Treasury disbursed about 12 trillion VND to support nearly 12million people and 13,000 business households across the country./.
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Residents receive the aid (Photo: VNA) 
