Over 160 Vinh Long workers are allowed to borrow capital from the Employment Fund

According to a report from the Vinh Long Provincial Federation of Labor, in the period of 2020-2025, the National Employment Fund has supported 163 union members with loans, helping them overcome difficulties, create more jobs and increase their income by 1 to 3 million VND per month.

The total capital allocated by the Vietnam General Confederation of Labor to the Vinh Long Provincial Federation of Labor is 2.79 billion VND, of which 2.438 billion VND has been promptly disbursed through coordination between trade unions at all levels and the Bank for Social Policies.

The average loan amount per contract is about 30 million VND, helping workers take advantage of capital to improve their lives and develop production.

However, the report also pointed out some limitations. The allocated capital is still limited, not enough to meet the increasing demand for loans. The loan limit is still low, not enough to expand sustainable production and business.

In addition, the inspection and supervision of the use of capital after disbursement in some grassroots trade unions is still formal and not regular.

However, the lending activities from the National Employment Fund have truly supported union members and workers, while enhancing the role, responsibility and position of trade unions in ensuring the legitimate rights of workers.

This is a testament to the effectiveness of combining state and union resources to stabilize the lives and develop income for Vinh Long workers.

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