The 2025 Law on Employment adds policy credit for disadvantaged groups
The 2025 Law on Employment has added clearer regulations on credit policies to support job creation and maintenance, especially for workers in vulnerable groups.
According to Clause 1, Article 38 of the 2025 Law on Employment, workers from poor households, near-poor households, people with disabilities, ethnic minorities, people who have completed their prison sentences, people after drug rehabilitation, single women raising young children, workers affected by climate change, etc. will be given priority to access credit capital to create and maintain stable jobs.
This policy credit capital is implemented by the Social Policy Bank, in coordination with trade unions, women's unions, farmers' associations and local authorities in reviewing, appraising and supervising the loan process.
Notably, the law also assigned the Government to regulate loan levels, loan terms, loan interest rates and capital access procedures in the direction of simplifying documents, facilitating vulnerable groups to easily access financial resources to create jobs or maintain existing jobs.
The information management system on job credit is also connected to the labor market database, to support the review, statistics of demand and disbursement efficiency by region and group of subjects.
Regulations on credit policies to support job creation under the Law on Employment (amended) will take effect from January 1, 2026.
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